Income Tax
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Freight Reimbursements not Taxable as Income: ITAT Deletes Rs. 2.14 Crore Addition
Payment for International Private Leased Circuits not royalty hence disallowance u/s. 40(a)(i) not justified
Assessment Under Section 147/144 Struck Down for Not Issuing Section 143(2) Despite Valid Return
Survey-Based 8% Estimation Cut to 4%: ITAT Ensures Parity With Parents’ Cases
Temple Vazhipadu vs Demonetisation: ITAT Deletes SBN Addition of Rs. 1.45 Lakh
Vivad se Vishwas Opt-Out Does Not Bar Tax Appeal: ITAT Decision
Section 96 Overrides Income Tax for Post-2014 Land Acquisitions
Neurology conferences and workshops covered u/s. 2(15) hence exemption u/s. 11 admissible
Interest disallowance u/s. 36(1)(iii) unwarranted as sufficient own funds available for subsidiary investment
Kerala HC Denies Temple Tax Exemption as Section 10(23BBA) Covers Only Statutory Bodies
DDT Must Follow DTAA Limits Because Dividend Is Shareholder Income: Bombay HC
Courses not having any approval with any authority cannot be reason to deny benefit u/s. 11
Public information & unrelated third-party data not justifies Section 153C SCN: Gujarat HC
ITAT Mumbai Allows Section 115BAA Relief Despite Delay in Form 10-IC
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.
