Income Tax
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CBDT notifies Income Tax Exemption for Ayodhya Vikas Pradhikaran
CBDT notifies Income Tax Exemption for HBOCW Board
Power of Attorney Holder Not Liable for Capital Gains: ITAT Rajkot
Gujarat HC Quashes Faceless Assessment Order for Non-Consideration of Assessee’s Reply
ITAT Delhi Deletes Section 14A Disallowance for Lack of AO’s Satisfaction
Bogus Purchases Tax Limit: ITAT Restricts Addition to 3% Profit Element When Sales Are Accepted
Section 80P Deduction Not Denied Solely for Having Associate Members: ITAT Bangalore
Cash Seized After Demonetization Not Unexplained: ITAT Accepts Long-Term Bank Withdrawals as Source
Interest Paid to Partnership Firm Allowable Against Interest Income: ITAT Mumbai
ITAT Bangalore: Section 50C Proviso Held Retrospective; MOU Date to Apply
ITAT Chennai Deletes ₹32.72 Cr Addition Based on Notional Net-Worth Difference
Capital Gain Valuation Date Governed by Agreement Date, Not Registration: Karnataka HC
ITAT remanded matter for verification of submitted documents in case of unsecured loans without PAN
Reassessment notice u/s. 148 quashed as issued after expiry of limitation period prescribed u/s. 149
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.
