Income Tax
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TPO Cannot Value Management Fees at Nil Without Rejecting Evidence of Services Rendered
ITAT Quashes Assessment as ITO Lacked Pecuniary Jurisdiction Under CBDT Instruction
ITAT Deletes Section 69A Addition as Cash Deposits Were Backed by Cash-in-Hand
ITAT Ranchi Allows Full Leave Encashment Exemption as CBDT Raised Limit to ₹25 Lakh
ITAT Allows Section 80P Deduction on Interest from Statutory Deposits with Co-operative Banks
Section 148 Reopening Set Aside as Loose Paper Dated After Sale cannot Justify Reassessment
Gujarat HC Sets Aside Reopening as High-Value Bank Credits Alone Cannot Justify Reassessment
ITAT Rejects Bogus LTCG Addition as No Independent Enquiry Was Conducted
Filing ITR Is Not a Retraction of Section 132(4) Statement: Karnataka HC
ITAT Allows Section 54B Deduction as Remand Report Confirmed Agricultural Use of Land
Cash Loan Recoverable Despite Breach of Income Tax Act as Section 269SS Not Void Transaction
Karnataka HC Quashes Tax Assessment as Assessee Was Not Heard & Unfreezes Account
ITAT Remands Property Sale Gain Addition as Purchase Cost Was Not Considered
ITAT Admits Additional Evidence as Delay Was Due to Accountant’s Son’s Medical Emergency
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.
