Income Tax
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Section 244A Exclusion Cannot Justify Delayed DTVSVS Refund: Delhi HC
SBI Not Assessee in Default for Foreign LTC TDS: ITAT Ahmedabad
Section 50C DVO Reference Cannot Extend Assessment Time Limit: Delhi ITAT
Section 80P Deduction Valid on Return Filed Under Section 148: ITAT Mumbai
Peak Credit Valid for Undisclosed Entries: Allahabad HC Dismisses Revenue Appeal
Section 153C Assessments for 7 AYs Quashed as Deemed Date Fell After 01.04.2021: Bangalore ITAT
37% Surcharge Deleted on AOP Income Below ₹50 Lakh: Mumbai ITAT
AMP Spend Not International Transaction Without AE Arrangement: Delhi ITAT
Section 56(2)(viib) Inapplicable to Holding-Subsidiary Transaction: ITAT Delhi
Property Registration Alone Cannot Trigger Section 56(2)(x): ITAT Mumbai
Form 3CLA Uploaded Before ITR Due Date Is Valid Compliance for Section 35(2AB: Bombay HC
SaaS Receipts Not FIS Without ‘Make Available’ of Technology: ITAT Delhi
Final Assessment Quashed as DRP Objection Intimation Failure Was Bona Fide: P&H HC
₹12.50 Lakh FDR Wrongly Reported as ₹12.50 Crore: Reassessment Quashed by Patna HC
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.
