Income Tax
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ITAT Mumbai Rejects CUP, Allows TNMM for Firmenich
Section 194T: New TDS Rules for Firms and Partners
Re-assessment merely based on Client Code Modification is invalid: ITAT Ahmedabad
Addition for bogus purchases invalid if books not rejected & sales accepted
Expense disallowances inconsequential if Full Section 80P Tax Deduction Applies
Kerala HC Stays Income Tax Recovery Pending appellate authority Appeal Decision
ITAT Ahmedabad Caps Bogus Purchase Disallowance to 8%
Delhi High Court Directs Reconsideration of Nil Withholding Tax Request
Tax Assistant promotion seniority must be based on initial appointment, not date of passing data entry skill test
Parallel reassessment during ongoing scrutiny invalid; CRM Receipts Not FTS: Delhi HC
MP HC Allows COVID-19 Related Delay in Tax Filings for Charitable Society
Provisional Registration Copy Not Mandatory for Section 12AB: ITAT Nagpur
Reassessment After 4 Years on Existing Facts is Invalid: ITAT Mumbai
ITAT Mumbai Condones 937-Day Appeal Delay for Elderly having health issues
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.
