Income Tax
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BSNL VRS Compensation Qualifies for Section 10(10B) Exemption: ITAT Panaji
BSNL VRS Compensation Exempt Under Section 10(10B): ITAT Pune
Delay in Appeal Condoned to Allow Section 10(10B) Exemption Claim: ITAT Ahmedabad
Section 80G Deduction for Eligible CSR Donations Allowed; TP Adjustments Deleted: ITAT Delhi
CSR Donation Eligible for Section 80G Despite Section 37(1) Disallowance: Delhi ITAT
CSR Donations Eligible for Section 80G Deduction Despite Section 37(1) Disallowance: Delhi ITAT
Section 80G Deduction on Eligible CSR Donations Allowed Despite Section 37(1) Disallowance: ITAT Delhi
Section 69C Addition for Unexplained Capitation Fee Upheld: Delhi HC
Section 80P(2)(d) Deduction on Cooperative Bank Interest Allowed: ITAT Pune
Section 80P(2)(d) Deduction on Cooperative Bank Interest Allowed: Gujarat HC
Permissive Entry Under JDA Is Not Transfer Under Section 2(47)(v): ITAT Bangalore
Goodwill Arising on Slump Sale Eligible for Depreciation: ITAT Bangalore
Section 50C Cannot Create Income Under Section 56: Statutory Analysis
10 Transactions Requiring Shift From ITR-1 to ITR-2 or ITR-3
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.
