Income Tax
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9 Months in Custody, Charge-Sheet Filed: SC Grants Bail in CGST Case
SC Applies Rajeev Bansal, Directs AO to Decide Reassessment Objections
Road & Garden Land Has Nil NRV, ITAT Raipur Deletes ₹2.13 Crore Addition
ITAT Deletes ₹2.43 Crore Addition, Share Trading Loss Not Taxable Under Section 68
ITAT Mumbai Quashes Section 263 Order for Limitation on Original Assessment Issues
EDCT Rental Charges Taxable as Transfer of Right to Use: Karnataka HC
No Bar for Bengali Hindu to Form HUF Under Dayabhaga Law: ITAT Deletes Addition
Calcutta HC Restrains Reassessment Proceedings for Non-Compliance with Section 148A
SC Dismisses Penny Stock Tax Appeal, Keeps Question of Law Open
Allahabad HC Dismisses Revenue Appeal Against Deletion of Penny Stock Addition
ITAT Mumbai Quashes Additions Under Sections 68 and 69C on Sunrise Asian LTCG
ITAT Panaji Allows Section 80P(2)(d) Deduction on Interest Earned from Co-operative Banks
Rajasthan HC Dismisses Revenue Appeals as ITAT Findings on Section 68 Additions Were Factual
SC Dismisses SLP Against Deletion of Section 68 Unexplained Loan Additions
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.
