Income Tax
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Bangalore ITAT Deletes ₹10 Lakh Addition Caused by DRP Typographical Error
Six Compulsory Income Tax Scrutiny Categories Every Taxpayer Should Know
ITAT Quashes Reassessment of Section 80GGC Political Donation Claim Due to Limitation
Why Your Indian Subsidiary Abroad Might Be Triggering Tax Residency You Never Signed Up For?
CSR Disallowance Under Section 37 Does Not Bar Relief Under Section 80G- Bangalore ITAT
No Section 271D Penalty if AO Not Recorded Satisfaction: ITAT Delhi
ITAT Deletes Sections 271D and 271E Penalties as Assessment Order Lacked Satisfaction
Section 153C Assessment Upheld as Delay in Handing Over Seized Material Did Not Extend Limitation Illegally
ITAT Restores Section 153A Additions as CIT(A) Ignored Merits of Search Evidence
ITAT Upholds LTCG Exemption as Revenue Failed to Prove Share Transactions Were Bogus
ITAT Remands Section 69 Addition as Source of Cash Payments Was Not Properly Examined
Bangalore ITAT Deletes ₹99.24 Lakh Ad Hoc Disallowance Backed by Evidence
Bogus Purchase Addition Restricted as Only Profit Element Was Taxable: Gujarat HC
Section 153C Notices Quashed as Assessment Proceedings Became Time-Barred: Bombay HC
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.
