Income Tax
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ESOP Discount Is Deductible Revenue Expenditure Under Section 37(1): Delhi HC
ITAT Partly Allows Vodafone India Appeals on 80IA, Interest and Roaming Costs
ITAT Mumbai Excludes Wipro and Infosys from Capgemini Comparables
ITAT Amritsar Quashes Section 68 Addition on Demonetization Cash Deposits
ITAT Delhi Deletes Section 68 Addition on Demonetisation Cash Sales Without Rejecting Books
ITAT Nagpur Upholds Section 263 Revision for Lack of Inquiry into Unrecorded Sales
ITAT Mumbai Remands St John Ambulance 12AB and 80G Renewal Applications
ITAT Mumbai Restores Section 270A Penalty Appeal Over Bona Fide Clerical Error
ITAT Chennai Deletes Section 69A Addition on Recorded Business Transactions
ITAT Bangalore Deletes Section 271FA Penalty on Co-operative Bank for AIR Non-Filing
Allahabad HC Allows Reassessment to Proceed Despite Identity Theft Defence
ITAT Mumbai Restores Transfer Pricing and MAT Issues for Fresh Adjudication
Gujarat HC Quashes Reopening as Change of Opinion on Section 80P(2)(d) Deduction
ITAT Delhi Quashes Reassessment Based Solely on Revenue Audit Objection
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.
