Income Tax
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Bright Line Test Cannot Determine AMP International Transaction: Delhi High Court
8% Profit Estimation Excessive for Wholesale-Retail Medicine Business: ITAT Amritsar
SC Upholds No Separate Section 68 Addition in Best Judgment Assessment
Separate Section 68 Addition Not Permissible in Best Judgment Assessment: Allahabad HC
₹22.41 Lakh Cash Salary Disallowance Remanded for Genuineness Verification: ITAT Surat
Parent Company ESOP Cross-Charge Is Employee Compensation Deductible Under Section 37(1): ITAT Ahmedabad
COVID Fixed Costs Are Extraordinary; Exclude Them From TP Operating Costs: ITAT Bangalore
Penny Stock LTCG Cannot Be Bogus Without Evidence Against Assessee: ITAT Mumbai
Loose Sheets Showing Cash Payments Cannot Trigger Extended Section 153A: ITAT Mumbai
Milk Agent’s Section 271B Penalty Deleted on Reasonable Cause: ITAT Surat
734-Day Delay Due to Father’s Illness and Consultant Default Condoned: ITAT Mumbai
Capital Gains Reclassified as Dividend Does Not Trigger Penalty: ITAT Mumbai
₹3.50 Crore Corporate Guarantee Liability Deductible on Crystallization: Gujarat HC
Bayer Gets Bad Debt Deduction on Brazil, Philippines Sales: ITAT Mumbai
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.
