Income Tax
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Compliance & Valuation In Slump Sale Transaction under Section 50B
Seized Papers Showing Cash Payment Treated as Credible Evidence
ITAT Clarifies: Working Capital Adjustment May Nullify Interest Addition
Disallowance Invalid as Negative Capital Stemmed from Non-Cash Adjustment
Tribunal Rejects Reopening Triggered by Irrelevant Information
When Quantum Dies, Penalty Dies – HC Appeal Without Stay Cannot Save Penalty
Section 153C Time-Bar Checkmate: AYs Beyond 10 Years Cannot Be Touched
Demonetization Cash Explained – Withdrawals of ₹47 Lakh Save Assessee
Revenue’s Appeal Dismissed as Year Falls Beyond 10-Year 153A Scope
Section 69A Cash Deposit Dispute Reopened Due to Missing Agriculture Evidence
No Return, Ex-Parte Heavy U/s 69A Addition – But Lack of Hearing Saves Assessee at ITAT
Reimbursement of Forex Loss Not Taxable Due to Capital Nature
AO Cannot Blow Hot & Cold—TDR Allowed; Penalty Deleted; Interest Disallowance Gone
Discounts Not Capital Outlay: Tribunal Rejects Intangible Asset Theory
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.
