Income Tax
Log in to FollowGet all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
Section 194-IA TDS Not Triggered for Partial Ownership Below ₹50 Lakh
10(23C)(vi) Exemption Wrongly Denied; Surplus Development Fund Not Proof of Profit Motive
Expenditure on Short-Lived CAD Software Eligible for 80IC Deduction
DRP Wrongly Rejected Vital Evidence; Matter Remanded for Fresh TP Adjudication
Transferring Funds from India to the UK Without Triggering 20% TCS
Section 151A Breach: ITAT Quashes Reopening, ₹58.68 Cr Bogus Purchase Addition Deleted
Full 80P Deduction Upheld as Nominal Members Counted as ‘Members’ Under State Law
ITAT Delhi Allows Section 54 Exemption for Property Purchased in Australia
Net Agricultural Income Accepted After Tribunal Revises Expense Claim
Penalty u/s 271AAC & 270A Remanded as Quantum Appeal Restored for Fresh Hearing
Penalty u/s 271AAB Upheld: Admission of ₹3 Crores in Search Held ‘Undisclosed Income’
Form 71 Corrects Buyer’s TDS Error, Capital Gain Taxed in Transfer Year: ITAT Delhi Allows Full Credit
SC to Decide Trust’s Eligibility for Income Tax Exemption on Community-Based Welfare
Survey Statement Alone Cannot Sustain Addition Without Stock Verification: ITAT Kolkata
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.
