Income Tax
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ITAT Rejects Revenue’s Addition Based Only on Third-Party Statement
Search Return Can Reduce Income; U/s 69A Fails & CSR Eligible U/s 80G
Interest Under Section 234A Not Levyable After Full Tax Payment Before Filing
Section 148 Notice Issued After Limitation Period Declared Invalid
Common Section 153D approval makes all search assessments void ab initio
Visa & Foreign Travel Paid by Sons Allowed as Business Expense; ITAT Grants Relief Despite Minor Delay
Vivad Se Vishwas Misapplication Corrected in 1592-Day U/s 263 Appeals
Section 50C Addition Set Aside Because AO Failed to Obtain Proper Property Valuation
No Penalty on Wife When Foreign Investment Already Disclosed by Husband: Bombay HC
Mere mention of foreign studies cannot block Section 80G registration: ITAT Mumbai
Assessment Set Aside as AO Incorrectly Applied Section 44AD to Transport Income
ITAT Deletes ESOP Disallowance but Remands TP Comparables Over Functional Mismatch
Debatable Claim Cannot Trigger Penalty: ITAT Quashes 271(1)(c) for Denied LTCG Exemption
Consortium Members Not Individually Liable: ITAT Clarifies AOP Taxation
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.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
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.
