Income Tax
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Section 87A Rebate Anomaly Leaves Higher Earners With Lower Take-Home Pay
Ahmedabad ITAT Grants Full Section 10(10B) Exemption on BSNL VRS Compensation Despite Delayed Claim; Refund Directed
Section 68 Addition Deleted as Creditworthiness of Lenders Was Properly Established
ITAT Ahmedabad Quashes Addition as AO Exceeded Limited Scrutiny Scope
ITAT Quashes Assessment as Section 143(2) Notice Was Issued by Non-Jurisdictional AO
ITAT Quashes Assessment as Jurisdictional AO Never Issued Section 143(2) Notice
ITAT Quashes Assessment as E-Proceedings Order Was Signed Manually Instead of Digitally
Assessment Held Time-Barred as AO Failed to Comply with Mandatory DRP Timeline
ITAT Quashes Assessment as Final Order Was Passed Beyond Section 144C Limitation
Revenue Appeal Dismissed as Assessment Order Exceeded Mandatory Section 144C Time Limit
Delhi HC Deletes Section 68 Addition as Revenue Failed to Link Cash Deposit to Assessee
Delhi HC Dismisses Section 68 Appeal as Revenue Failed to Show Findings Were Perverse
SC Upholds Section 68 Relief as Concurrent Findings Were Not Perverse
Ahmedabad ITAT Quashes Reassessment Beyond Four Years as Mere Change of Opinion; Deletes ₹1.33 Crore Disallowance Under Section 37(1)
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.
