Income Tax
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Annual Information Statement (AIS): Guide to Income Tax Reporting
Compounding of Offences under Income-tax Act, 1961
Section 40A: Expenses or payments not deductible in certain circumstances
Income Tax Certificate of lower/no deduction of tax at source
Tax Treatment of Gifts Received By an Individual or HUF: Rules & Exceptions
Prohibited transaction in cash/limit on cash transactions
10 Costly Mistakes to Avoid While Filing ITR
Understanding Income from Other Sources in Taxation
Comprehensive Guide: Tax Treatment of Dividends Received
Understanding Statement of Financial Transaction (SFT)
ITAT Deletes section 69 Addition as Revenue Failed to Prove Investment in Relevant Year
No Interest Disallowance Without Nexus Between Borrowed Funds & Non-Business Advances: ITAT Lucknow
SC Refuses to Revive Reassessment as Original Scrutiny Had Examined Relevant Transactions & Details
ITAT Kolkata Allows Additional Refund Interest Due to Delay in Giving Appeal Effect
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.
