Income Tax
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Karnataka HC upheld Section 80JJA deduction for bio-fuel & fertilizer business
Common 153D Approval for 14 Years Held Void – ITAT Quashes Entire Block of Assessments
When Speed Becomes Illegality – Karnataka HC Quashes 81 CIT(A) Orders Passed After DGIT’s Restraint
ITAT Delhi Quashes Reassessment – Borrowed Satisfaction from Investigation Wing Held Invalid
“Egg-or-Chicken” Analogy Applied – ITAT Says Trading & Service Functions Can’t Be Split
ITAT Sends ₹34.82 Lakh Bogus Purchase Case Back to CIT(A) for Fresh Hearing
Reassessment Upheld but Additions Fail: ITAT Deletes All Disallowances for Lack of Evidence
Telecom Tax Victory: ITAT Deletes Rs. 120 Cr Royalty TP Adjustment, Allows 3G Spectrum Depreciation
Own Funds vs Borrowed Funds: ITAT Remands 14A Case for De Novo Review
Third-Party Documents Deemed Dumb: ITAT Quashes ₹1.5 Crore Addition on Unsigned Jottings
Entry Operator’s Commission Only Taxable, ₹19.18 Crore Protective Addition Deleted
ITAT Delhi Upholds Major Relief to PNB – ₹2,000+ Crore Disallowances Deleted
ITAT Delhi Quashes Section 263 Revision for Introducing New Issues Without Notice
ITAT Pune Sends Back 80-IA Claim – Settlement Commission Order Not Blanket Licence for All Projects
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.
