Income Tax
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Clerical Mistake Not a Misreporting for Section 270A Penalty for Charitable Institutions
ITAT Kolkata Allows Deduction of Outstanding Service Tax in Income Tax Return
ITAT Limits Additions on Excess Stock to 12% Profit Margin After Survey
ITAT Kolkata Condoned 440-Day Delay, Remands Appeal on Section 12A Exemption Claim
Employees’ Contribution to PF/ESI – ITAT Kolkata Clarifies Due Date Computation
ITAT Quashes Reassessment: Section 148 Notice Issued to Deceased Assessee
ITAT Quashes Section 271(1)(c) Penalty for Defective Statutory Notice
ITAT Kolkata – PF/ESI Contribution Disallowance – Matter Remanded for Verification
ITAT Kolkata Allows Section 80P(2)(d) Deduction on Interest from Co-operative Bank
Co-op 80P Deduction on Bank Interest Remanded to CIT(A) by ITAT
ITAT Deletes Penalty for Incorrect Deduction Claimed by Mistake
ITAT Remand: Rs. 77 Lakh Demonetization Cash Addition in Co-op Society Case
ITAT Kolkata Deletes Penalty u/s 271B Where No Books Were Maintained
ITAT Mumbai Allows Condonation for Rotary Trust’s 12A Re-Registration Error
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.
