Income Tax
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AO Cannot Replace DCF Valuation with Own Estimate in Share Premium Case
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No disallowance u/s. 14A in absence of any exempt income
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Even God’s Money isn’t Tax-Exempt: Kerala HC in Guruvayur Case
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Religious Trust Eligible for Sec 11 & 12 Benefits if Registration Granted During Pending Assessment
Religious & Charitable Objects Not a Hurdle for 12A Registration: ITAT Cochin
Madhur Temple Body’s Income Tax Exemption Claim Moved from Devaswom to IT Bench: Kerala HC
Section 12A Registration cannot be denied for want of trust deed registration: ITAT Cochin
PCIT’s Order Against NTT Global Networks; Allows ₹92.32 Lakh Deduction for CSR Donations Under Section 80G
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.
