Income Tax
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Branch Office as PE Allowed Full Cost Deduction Under DTAA
Reopening Collapses on Wrong Facts: ITAT Ranchi Quashes Section 148 Notice in Share Capital Case
Penalty Cannot Stand When Quantum Addition Is Reversed: ITAT Pune
Section 144C Proceedings Fail Due to Jurisdictional Defect at Draft Stage
Appeal Restored Because Prior Appellate Order Was Unproven
Section 36(1)(iii) Disallowance Deleted Where Funds Were Sufficient
Deemed Dividend Deleted as Transactions Were Business Dealings
Reassessment Quashed for Failure to Issue Mandatory Section 143(2)
Section 10(23C)(iiiad) Denial Quashed as Amendment Held Prospective
Interest Income Addition Sent Back for Verification by ITAT
One-Day Time Limit Held Insufficient for Section 142(1) Compliance
Additions Restricted Due to Partial Reconciliation and Netting of Income
Appeal Restored Because CIT(A) Cannot Dismiss for Non-Prosecution
Reassessment for AY 2015-16 Quashed as Time-Barred Under Law
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.
