Income Tax
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ITAT Chennai Allows ₹12.27 Lakh Leave Encashment Exemption Under Revised ₹25 Lakh Limit
Belated Return Does Not Invalidate Assessment Without Section 143(2) Notice: ITAT Chandigarh
ITAT Delhi Remands Advance Write-Off and MAT Credit Claims for Verification
ITAT Bangalore Partly Allows Appeals on Business Expenses, TDS and Section 41(1)
Madras HC Upholds Deferral of 55% Time-Share Membership Fees as Income
Residential Status and Its Relevance under UAE Corporate Tax
Investigation Wing Tip-Off Cannot Replace AO’s Independent Inquiry: ITAT Mumbai
ITAT Ahmedabad Upholds Rejection of Books and 10% Profit Estimation for Builder
Delhi HC Quashes Section 271C Penalty SCN Issued After Unexplained Delay
Repaid Loans Not Accommodation Entries: ITAT Mumbai Quashes Section 68 Addition
Sponsorship Receipts Do Not Make Golf Association Commercial: ITAT Delhi
ITAT Mumbai Deletes Section 68 Addition Based on Accommodation Entry Statement
ITAT Mumbai Allows Section 80G Deduction for CSR Donations Despite Section 37 Disallowance
Bogus-Purchase Allegation Alone Cannot Trigger Section 69C & 115BBE: ITAT Delhi
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.
