Income Tax
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New Form ITR-BN for Block Assessments: Filing Requirements, Issues & Challenges
Pune ITAT Restores U/s 12A and 80G Registration After Wrong Form 10AB Section Selection
Mumbai ITAT Limits Bogus Purchase Addition to 2% After Accepting Sales and Stock Records
Mumbai ITAT Deletes ₹30 Lakh Alleged On-Money Addition for Want of Corroborative Evidence
Bengaluru ITAT-Manual Signature on E-Assessment Order Does Not Invalidate Assessment
Salary Payments to Seconded Employees Not Subject to Section 195: Delhi HC
No TDS Under Section 194H on Trade Discounts to Stockists: ITAT Mumbai
Registered Valuer’s Report Cannot Be Ignored Without Reason: ITAT Surat
ITAT Mumbai Sets Aside 7.5% Profit Addition for Violation of Natural Justice
ITAT Mumbai Deletes Section 69A Penny Stock Addition for Lack of Evidence
Only NFAC Could Issue Section 148 Notice Under CBDT Notification: P&H HC
Section 87A Rebate Available on STCG Under Section 111A: ITAT Chennai
ITAT Mumbai Remands Case Where Income Was Claimed Taxed Under Another PAN
Section 87A Bar Applies Only to Equity LTCG Under Section 112A: ITAT Chandigarh
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.
