Income Tax
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Earlier-Year Loan Not Taxable Under Section 68: ITAT Deletes Rs. 2.5 Cr Addition
Marwari Preference Clause Not a Breach of Section 13(1)(b): ITAT Mumbai
ITAT Mumbai Allows Section 11 Exemption Despite Late Form 10B Filing
Sale of property to trustee at market value not violates Section 13(1)
Consultant doctors with no PF/ESIC or fixed schedule cannot be treated as employees
ITAT Mumbai Quashes Time-Barred 148 Notices, Deletes ₹13 Cr Additions; Third-Party Search Cannot Trigger Section 147
Government Certificate Prevails Over AO’s Assumptions in Nursery Income Estimation Case
ITAT Mumbai Quashes Reopening & Deletes Rs. 8.46 Cr Notional Interest Addition
ITAT Kolkata Upholds Documentary Proof – ₹1.92 Cr Share Capital Addition Deleted
ITAT Raps CIT(A) for Mechanical Deletion of Rs. 2.05 Cr Addition Without Verification
ITAT Restores MLA’s Appeal – Auditor’s Death & Political Duties Held Valid Cause for Delay
2240-Day Delay in Filing Appeal Not Condoned & Dismissed for Contradictory Pleas
Time-Barred Section 148 Notice Nullifies 263 Revision: ITAT Mumbai Quashes PCIT’s Order
Borrowings for Capital Reduction – Interest Deductible; Buyback Tax Inapplicable Pre-01.06.2016
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.
