Income Tax
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Mumbai ITAT Quashes Section 263 Revision on ₹19.64 Crore Bad-Debt Write-Off
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Madras HC Allows MRF Pace Foundation Expenditure as Business Deduction
₹67.40 Crore Preschool Fees: ITAT Restores 12AB Application After Mere 4-Day Opportunity
₹60 Lakh Limit Ends JAO-vs-FAO Reassessment Battle at Bangalore ITAT
Limitation Runs from Service, Not Mere Passing of Order: Bangalore ITAT
Guwahati ITAT Quashes 80G Rejection Despite Valid Approval Till AY 2027-28
ITAT Bangalore Dismisses Revenue Appeal on Nil ALP for Selling Commission
Reopening Without Enquiry: Agra ITAT Upholds Deletion of ₹7.08 Crore Additions
Village Agriculturist’s Digital Gap Is Sufficient Cause: Bangalore ITAT Condoned Delay
Tax Paid, Offline Form 26A No Bar to TDS Relief: Jaipur ITAT
Jaipur ITAT Restores Section 11 Exemption Claim After 12AB Rejection Set Aside
ITAT Rajkot Deletes Section 271B Penalty Where Tax Audit Was Completed On Time
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.
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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.
