Income Tax
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No Interest Deduction u/s 24(b) on Borrowings for Tenant Compensation
ITAT Sends Back UP Sainik Purasvas Nidhi Case for Verification of Form-9A Requirement
Arbitrary Estimation of Interest Disallowance Deleted by ITAT Lucknow
ITAT Grants Major Relief to Nirma Ltd. on Subsidy, 80IA Claim & Goodwill Depreciation
Belated Return No Bar: ITAT Allows Unabsorbed Depreciation Carry Forward
PCIT Cannot Revise Assessment U/s 263 for Different View on Agricultural Income
PCIT cannot go beyond Limited Scrutiny – Revision u/s 263 Quashed
Appeal Cannot Be Dismissed for Non-Payment of Advance Tax on on disputed additions
Cash payments on Sundays & holidays may fall under Rule 6DD exceptions
ITAT Ahmedabad: Belated Return Does Not Bar 80P Deduction for A.Y. 2017-18
ITAT Allows Section 80P Deduction on Co-op Bank Interest, Not RRB
Addition for Alleged Accommodation Entry Deleted for Lack of Evidence
Without Bogus Purchases, No Bogus Sales – ITAT Deletes ₹4.67 Cr Addition
ITAT Directs AO to Apply DVO Valuation Already Adopted in Co-owner’s Case
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.
