Income Tax
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ITAT Bangalore: Assessee Gets 90 Days to Prove Agricultural Source of Disputed Bank Deposits
Section 263 Revision for Non-Initiation of Section 270A Penalty Quashed: ITAT Delhi
NBFC Fixed Deposits Cannot, by Themselves, Defeat a Trust’s 12AB Renewal: Delhi ITAT
Section 13(1)(d) Violation Cannot Deny Section 11 Exemption on Entire Income: ITAT Delhi
ITAT Delhi: Section 54 Claim Remanded for Verification After Builder Failed to Deliver Flat
Supplier’s Non-Filing of ITR Cannot Make Business Expenditure Bogus: ITAT Delhi
BSNL VRS Compensation Exemption u/s 10(10B) Allowed in Section 154 Appeals: ITAT Delhi
ITAT Mumbai Upholds Loan and Interest Relief; Remands Rule 8D Computation
BSNL VRS Compensation Exempt u/s 10(10B) as Retrenchment Compensation: ITAT Delhi
Share Sale Examined in Original Assessment: Reopening After Four Years Quashed
TDS Applies on Year-End Expense Provisions but Not Where Payees Are Unidentifiable: ITAT Bangalore
Passenger Service Fee Attracts TDS Under Section 194C, Not 194J: ITAT Delhi
Minimal Form 10B Delay During COVID Period Cannot Deny Section 11 Exemption: ITAT Mumbai
Partner’s ₹2,111.23 Crore Capital Contribution Not Taxable Under Section 56: ITAT Hyderabad
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.
