Income Tax
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Co-Owner Relief- Indexed Cost & DVO Value Must Be Considered- Tribunal Remands 50C Addition
Assessee is entitled for additional depreciation not claimed in preceding year
Finance Act 2022 Amendment to Section 11(3)(c) removing extension is Prospective
ITAT Bangalore (Third Member): No Valid Search on Blueline – 153A Assessments Quashed
Contingent Sale Consideration & Escrow Arrangement – ITAT Ahmedabad Remands Asessee’s Claim of Deduction u/s 54B
Ex-parte Assessment & Rule 46A Violation – ITAT Delhi Remands Charitable Society Case Back to AO
Missing the ITR Filing Deadline Is Not Just a Delay, It’s a Loss
Addition of provision of doubtful debts to book profit u/s. 115JB not sustained
Job Work & ITC Under GST: Silent Backbone of Indian Manufacturing
Current account transactions & commercial advances are outside Section 2(22)(e) purview
ITAT Delhi Rules on Depreciation, software expenditure, R&D, 80JJAA
Request for Income Tax Return & Tax Audit Report Due Date Extension
FKCCI Requests Income Tax Return Filing Deadline Extension
No Income tax penalty proceedings if insufficient time was granted to furnish reply
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.
