Income Tax
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Section 271B Penalty Automatically Lapses When quantum assessment set aside
Addition u/s. 68 quashed as evidences establishing identity, creditworthiness and genuineness not invalidated
Interest Payable to Partners Is Year-End Liability, Not Restricted to Business Start Date
ITAT Remands Case to CIT(A) After Assessee Agrees to Cooperate
Income Addition Quashed for Exceeding Limited Scrutiny Jurisdiction
No Depreciation on Assets Already Treated as Applied Income: ITAT Directs Fresh Verification
CPC cannot treat entire receipts of charitable trust as taxable income: ITAT Cuttack
CBDT’s Enhanced ₹60 Lakh Limit Leads to Dismissal of Revenue Appeal: ITAT Kolkata
ITAT Kolkata Remands 80G Approval Case After CBDT Extends Filing Deadline
Extension of date of Filing of Accounts to Maharashtra Charity Commissioner
ITAT Directs AO to Limit Deemed Dividend Addition to Accumulated Profits
ITAT Mumbai Upholds Depreciation on Goodwill Arising from Amalgamation
No Need to Close Individual Debtor Accounts for Bad Debt Deduction: Kerala HC
Capital Contribution for Business Purposes Not Deemed Dividend u/s 2(22)(e)
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.
