Income Tax
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AO Must Verify Rural Branch Data Before Section 36(1)(viia) Deduction: ITAT Indore
Bonafide Education Cess Claim & No Exempt Income Bar Penalty & Section 14A Disallowance: ITAT Pune
Section 69 Addition Cannot Rest Solely on Uncorroborated Loose Sheets: ITAT Hyderabad
Section 69A Addition Remanded After Plea of Mental & Neurological Illness: ITAT Pune
Section 148 Reassessment Quashed for Limitation & Invalid Section 151 Approval: ITAT Kolkata
Fuel Expense Disallowance Restricted to 5% Due to Self-Made Voucher Difficulties: ITAT Kolkata
Reassessment Vitiated by Cross-Examination Denial & Section 147 Use Instead of 153C: ITAT Surat
Section 147A Amendment Requires Fresh Consideration of Reassessment Challenge: Karnataka HC
Routine Support Services Not Royalty Under DTAA; Taxable as Business Profits Without PE: ITAT Delhi
Section 271AAC(1) Penalty Cannot Survive After Section 69A Addition Deletion: ITAT Kolkata
Section 68 Addition on Stampede Capital Share Sale Deleted for Lack of Assessee Link: ITAT Kolkata
Section 148 Reassessment Quashed for Section 148A Breach; Bogus Purchase Addition Deleted: Ahmedabad ITAT
Section 54F Exemption Allowed as Section 50C Deeming Fiction Inapplicable: Chennai ITAT
Section 263 Revision Quashed as AO Took Plausible View After Enquiry: Chandigarh ITAT
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.
