Income Tax
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Forex loss on year-end reinstatement of genuine business advances is deductible
CIT(A) Cannot Rubber-Stamp AO’s Order: ITAT remands Rs 82 Cr Additions
No Second Bite at the Cherry- ‘Set Aside’ u/s 264 means Assessment Quashed
Karnataka Building Workers’ Board gets Income Tax Exemption
Order passed beyond time limit prescribed u/s. 144C(13): Karnataka High Court
ITAT Delhi on Default under Section 201 & its Impact on Disallowance u/s 40(a)(ia)
Challenge to remand order of Tribunal wouldn’t survive for further consideration: Writ disposed of
TDS u/s. 194J not deductible on payment of Franchise Expense by liquor company
Share Premium Valuation: ITAT Delhi Upholds DCF Valuation, Deletes ₹46 Cr Addition
No Cross-Examination, No Bogus Purchase Disallowance: ITAT Delhi
ITAT Delhi Quashes 271B Penalty on Amul Milk Dealer Acting as Commission Agent
CIT(A) Lacks Power to Dismiss Appeals for Non-Prosecution: ITAT Bangalore
Form 10-IC Error does not bind assessee to New Tax Regime: ITAT Mumbai
CSR Donations Eligible for Section 80G Deduction – ITAT Mumbai Quashes 263 Order
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.
