Income Tax
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Breed Development Spend Treated as Revenue, Not Capital Expense
Ind-AS Fair Value Gains Can’t Be Ignored in Section 94B Scrutiny
Unexplained Cash Upheld When Search Confession Is Clear
NFAC Ex-Parte Order Quashed for Ignoring E-Filed Submissions
Detailed U/s 153C Enquiry Bars PCIT from Revising Completed Assessment
Broadcast Rights Income Not Royalty Without Copyright Transfer
Accepted Project Revenue Confirms Genuineness of Related Purchases
Assessment u/s. 143(3) quashed as being in violation of provisions of section 144B
Excess trade advance received back in cash cannot be added u/s. 68 as unexplained cash credit
Accommodation Entry Purchases Invite 100% Disallowance, Not Estimation
Tribunal reversing order of CIT(A) without demonstrating any perversity is not justifiable
TDS Deducted but Not Deposited: Assessee Still Gets Credit
Search-Based On-Money Claims Need Proof, Not Presumptions
Charitable Trusts Under MMR Not Liable to Flat 37% Surcharge
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.
