Income Tax
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Income-tax Refunds Flagged Under RMS: What New SMS/E-mail Means for Taxpayers
Delay of Over Two Years in Income Tax Appeal Prompts HC to Order Time-Bound Disposal
Estimation of Profit Bars Further Expense Disallowance – AO Cannot Blow Hot and Cold
Ultimate Guide: Reporting Foreign Bank Accounts & RSUs in Indian ITR
How to Avoid Income Tax Notices (Legal Guide with Practical Examples)
Section 271D Penalty Quashed Because Transaction Was Accepted as Genuine
Transfer Pricing: Forex Fluctuation is Operating Income/Cost in Cost-Plus Transactions
Disallowance of claim doesn’t amount to furnishing of inaccurate particulars, hence no penalty u/s. 271(1)(c)
Cumulative Monthly Advances, Not Incremental Figures, Govern Section 36(1)(viia) Deduction
Post condoning delay, revisional authority wrongly dismissed petition u/s. 264 on ground of delay
Draft Assessment Issued in Name of Amalgamated Company Held Void Ab Initio
SC Dismisses Revenue Appeal as Assessments Time-Barred Due to Delay After ITAT Remand
Reassessment Upheld Due to No Prior Examination of Section 80HHC Deduction Claim
Reassessment Quashed for Failure to Verify Bank Statement on ₹50 Lakh Threshold
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.
