Income Tax
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Unsigned, Undated Section 151 Approval Invalid; Reassessment Quashed by ITAT Delhi
Temple Activity Does Not Bar U/s 80G Approval If Religious Spending Is Within 5%: ITAT Delhi
Old PAN Curable, but New ₹2.95 Crore Addition U/s 68 Deleted: ITAT Delhi
“Interest” Is More Than Just Interest: Mukul Rohatgi Gets Loan Charges Deduction U/s 24(b)
Section 153C Assessment Quashed: Ledger Must “Bear” on Assessee’s Income
AO Fails to Specify Penalty Charge, Delhi ITAT Quashes Section 271(1)(c) Penalty
Agricultural Land Distance from City Limits Decides Section 2(14) Exemption
Co-operative Bank: No TDS on Interest Paid to Another Co-operative Society
AO Cannot Depreciate an Asset & Doubt Its Existence: Partners’ Capital Addition U/s 68 Deleted
Fake Income Tax Penalty Email Threatens Taxpayers With 72-Hour Deadline: How to Identify and Avoid the Scam
P&H HC Upholds Section 54F Exemption on Jointly Owned House Purchase
P&H HC Denies Section 54B Exemption for Land Purchased in Wife’s Name
Partners’ Capital Contributions Cannot Be Taxed Under Section 68: Telangana HC
Gujarat HC Quashes Reassessment Notice for Change of Opinion on Loan Issue
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.
