Income Tax
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Faceless Assessment Scheme Mandatory for Section 148 Notices
Entire Derivative Loss Addition Deleted for Lack of Evidence & Reliance on Invalid SEBI Order
Exgratia Provision Sent Back to AO; Double Disallowance on Leave Encashment Deleted
No Proof, No Addition: ITAT Deletes ₹25 Crore 69A Cash-Loan Allegation
P&H HC Upheld Registration Under Section 12AA – SC Declines Interference
938 Days Delay Condoned as Appeal Was Wrongly Treated as Withdrawn
Block Period Income Taxed at 60%: When Does Surcharge Become Mandatory?
Section 147 Reassessment Restored as CIT(A) Misread AO’s Findings
Benefit of Accumulation to Trust Restored as Form 9A Not Required for AY 2015-16
Settlement for Dropping Property Suit Not Taxable due to Absence of Transfer
Activities for Mahyavanshi Samaj Don’t Bar Registration for Pre-1961 Trust: ITAT Mumbai
Legal Heir Not Individually Liable for Tax on Deceased’s Salary Arrears ITAT Agra
ITAT Sets Aside Assessment to Examine Exemption Claim on Government Grant
Domestic Royalty Split Not Permissible: Entire TP Adjustment Deleted
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.
