Income Tax
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ITAT Ahmedabad Allows Section 54 Exemption on Habitable Expenses
AO’s Acceptance of Section 54 Exemption on Flat Fixtures Was a Plausible View – Section 263 Revision Invalid
ITAT Allows Section 54 Exemption for Interior Decoration Expenses
ITAT Quashes Section 263 Revision for Exceeding Limited Scrutiny Scope
ITAT Delhi Upholds Deletion of ₹22.38 Cr Interest Disallowance – Advances Held Business-Driven
Suspicion Can’t Replace Proof – ITAT Ahmedabad Upholds Deletion of ₹63.85 Lakh Addition u/s 68
Delhi HC’s Scrutiny of CBDT’s Transfer Pricing Exclusion in Extension of due date
Mechanical Reopening Without Considering Reply Invalid: Delhi HC
Interest on Escrow FDs Taxable Despite Agreement Cancellation: ITAT Pune
Computation Error Isn’t Misreporting: ITAT Deletes 270A Penalty on 54F Claim
Transfer of Case Within Same City Needs No Fresh Notice: ITAT Upholds Reassessment
Agricultural Land Beyond 8 km Limit Not Taxable as Capital Asset: ITAT Indore
Donation & Salary Kickback: ITAT Ahmedabad Partly Upholds Additions
Typo Error in Recorded Reasons Doesn’t Invalidate Reassessment on Penny Stock LTCG
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.
