Income Tax
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AP HC Allows Form 10B Filing, Condoning Delay Under Section 119(2)(b) of Income Tax Act
Executor Is Legal Representative; Delay in Refund Return Must Be Condoned: MP HC
CCDs Remain Debt Until Conversion; ₹7.78 Crore TP Adjustment Remanded by Mumbai ITAT
ITAT Nagpur Allows Section 87A Rebate on STCG under Section 111A
129-Day Delay Condoned: Nagpur ITAT Restores Appeal for Decision on Merits
ITAT Nagpur Remands Reassessment Dispute to CIT(A) for Adjudication
ITAT Delhi Restricts Corporate Guarantee ALP to 0.5%
Gujarat HC Quashes Reopening Based on Mere Suspicion Without Material Evidence
ITAT Delhi Quashes Section 153C Assessments Due to Mechanical Section 153D Approval
ITAT Bangalore Quashes ₹23.36 Crore TP Adjustment as Time-Barred under Section 153
Allahabad HC Quashes Settlement Order Beyond 18-Month Limit Under Section 245D
ITAT Hyderabad Deletes Additions Where Reassessment Lacked Foundational Material
Entire Unaccounted Sales Taxable Where Raw Material Cost Already Booked: Chhattisgarh HC
CEO Change and Mismanagement Sufficient Cause for 125-Day Delay: ITAT Bangalore
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.
