Income Tax
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ITAT Deletes Interest Disallowance as AO Failed to Prove Borrowed Fund Diversion
Reopening Fails When AO Taxes a Different Income Than the One Recorded in Reasons
ITAT Quashes Reassessment: Only Profit Element Matters, Not Entire Commodity Transaction Value
Latest Changes in ITR-1, ITR-2 & ITR-4 for A.Y. 2026-27
Telangana HC Dismissed Income Tax Writ Due to Alternate Remedy
ITAT Upholds Denial of Section 80GGC Deduction for Donations to Alleged Accommodation Entry Political Party
SBI Wins LTC TDS Dispute: No Assessee-in-Default When Bank Followed High Court Orders
No TDS Default Where Court Barred Deduction: Kerala HC
No TDS Default for Following High Court Order: ITAT Agra
ITAT Delhi Deletes Demonetisation Addition for Cash Sales Already Offered to Tax
Demonetisation Deposits in Credit Society Members’ Accounts Not Taxable: ITAT Bangalore
ITAT: Profit Cannot Be Estimated Arbitrarily Merely Because Books Were Not Produced
Subsequent SC Judgment Cannot Reopen Final Decisions: Gauhati HC
Income Tax Notice Invalid for Failure to Follow Faceless Assessment Procedure
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.
