Income Tax
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IDS Liability: Self-Assessment Tax Must Be Adjusted; Form-4 Denial Arbitrary
Manufacturing Comparable Fails 75% Trading Turnover Test, Excluded from TP Analysis
Interest From Co-operative Banks Deductible Under Section 80P(2)(d): ITAT Bangalore
Mechanical Reliance on Suspicious Transaction Report: Gujarat HC Quashes Section 148 Reassessment Notice
Statement of Reportable Account Data Not Conclusive: ITAT Chennai Bars Income Addition Without Verification
SC Upholds Income Tax Appeal Restoration Despite Pending Settlement Proceedings
Gujarat HC Restored Income Tax Appeal Despite Pending Settlement Proceedings
Borrowed Satisfaction & No Tangible Material: SC Upholds Quashing of Reassessment
Gujarat HC Quashed Reassessment for Non-Application of Mind in Reopening Notices
ITAT Delhi Quashed Double Additions on Recorded Expenses & Sales Figures
Interest from Employee Loans Taxable as Business Income: Gujarat HC
Interest-Free Advances Not Taxable When No Borrowed Funds Used: ITAT Mumbai
Reassessment Invalid Due to Proceedings Against Dead Assessee: Calcutta HC
ITAT Jaipur Granted Taxpayer One More Chance to Disown PAN-Linked Bank Account
Latest Income Tax News
Income tax is the part of your income which you are required to pay to the Indian government for funding various infrastructural developments, pay salaries to those who are employed by the central or the state governments, etc. All the taxes which are imposed are based on law, and the law which governs provisions about taxes on income is the Income Tax Act, 1961.
Income tax needs to be paid by each and every individual, Hindu Undivided Family, Association of Persons, Body of Individuals, companies, corporate firms, local authorities and every artificial juridical person generating any income based on the income tax slab rates.
Income tax might seem to be a tedious tax for most us, and it has a lot to do with the fact it involves a lot of nitty-gritty and details while calculating and in paying income tax. However, if you need a clear picture about income tax which is simple and easy to understand then you are at the right place.
Get all the latest news on income tax with Taxguru. We will offer you all the insight and details about all the updates and trending news on income tax. Get a comprehensive coverage of income tax-related news and regular updates on income tax circulars.
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Find all the latest developments and amendments to the Income Tax Act. Get to know all the tips and tricks on how to save income tax and develop your own income tax planning work plan. We keep updating our portal regularly so that you don’t miss out on anything.
