Income Tax
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Cash Loans from Relatives Accepted After Proving Identity, Creditworthiness & Genuineness: ITAT Panaji
Section 194A TDS Deductible on Interest Earned on MACT Fixed Deposits: Kerala HC
Insurance Compensation Adjusted Against Fire Loss Cannot Be Taxed Again: ITAT Chennai
Double Taxation Relief on Bonus Provision Reversal; Brokerage Provision Allowed; Section 80G Deduction Upheld for CSR Donations: ITAT Mumbai
Wrong Accounting Head Cannot Defeat Genuine Business Expenditure Claim: ITAT Mumbai
Section 276C Prosecution Quashed After Section 271(1)(c) Penalty Deletion: Madras HC
Section 148 Notice Quashed for Absence of Section 150 Finding or Direction: ITAT Bangalore
ITAT Mumbai allowed Section 87A Rebate on Section 111A STCG
Capital Loss Carry Forward Cannot Be Denied for Inadvertent Schedule CFL Omission: ITAT Mumbai
Cash Already Taxed Cannot Be Taxed Again Under Section 69A: ITAT Chennai
Section 54 Deduction Cannot Be Restricted for Joint Purchase With Wife: ITAT Mumbai
Redeveloped Flat on Surrender of Tenancy Rights Taxable as Capital Gains; Section 54F Relief Allowed: ITAT Mumbai
Unexplained Cash Credit Addition Deleted on Loan Repayment Establishment: ITAT Delhi
R&D Expenses Cannot Reduce Section 80IB/80IC Deduction Without Nexus: Bombay HC
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.
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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.
