Income Tax
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Long-Term Capital Gain Tax Cannot Be Lowered to 20% When 115BAA Is Opted
Changes in Correction Rules for TDS & TCS Returns & Time Limitations
Reversal of Disallowed Liquidated Damages Cannot Be Taxed again ITAT Chennai
Entire ALV Cannot Be Assessed on Partially Let Out Property: ITAT Delhi
“ITAT Kolkata Quashes Reopening for AY 2015-16: TOLA Extension Not Applicable
Notice u/s 143(2) Not in Prescribed Format Held Invalid and Void Ab Initio: ITAT Kolkata
Late Filing of Form 10B/10BB Not Fatal: ITAT Kolkata Grants Trust Exemption
TDS on Composing Charges Deductible Under Section 194C, Not 194J: ITAT Kolkata
Bogus LTCG on Penny Stock: ITAT Ahmedabad Upholds Addition
Cash Kept by Father Not a Loan or Deposit – ITAT Deletes ₹20 Lakh Penalty
Documented Share Capital Transactions Valid Despite Non-Appearance of Subscribers – ITAT Deletes Rs.7.11 Cr Addition
15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus: ITAT Pune
PCIT Revision Upheld: AO Failed to Verify Low Profit Margin & Audit Need (Sec 263)
ITAT Replaces Rule 8D with Reasonable Estimate, Cuts ₹3.05 Cr Disallowance to ₹10 Lakh
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.
