Income Tax
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Frequently Asked Questions (FAQs) on FIIs Income Tax Exemption
Frequently Asked Questions (FAQs) on BIS Income Tax Exemption
Accepted Disclosure Cannot Be Treated as Misreporting for Penalty Purposes: ITAT Surat
Reassessment Quashed as AO Taxed Capital Gains Instead of Recorded Escapement Issue
Section 54 Relief Allowed on Construction Cost as New House Was Built Within Statutory Period
ITAT Delhi Deletes Demonetisation Addition for Cash Sales Properly Recorded in Books
Demonetization Addition Reduced for Cash Deposits Supported by Recorded Sales
AO Cannot Reopen on the Same Material Examined in U/s 153C Assessment: ITAT Quashes ₹2.90 Crore Addition
Income Tax Computation for Individuals: Rules and Rates
Mechanical Satisfaction Note Invalid: ITAT Quashes 153C Assessment in Alankit Group Case
No Section 127 Transfer, No Jurisdiction: ITAT Quashes Delhi Assessment and TP Adjustment
Delhi ITAT Applies Ojjus Medicare: Section 153C Assessment Beyond Six Years Quashed
Protective Addition Cannot Survive Once Substantive Addition Is Taxed Elsewhere: ITAT Delhi
Tax Treatment on Compulsory Land Acquisition: Rules & Exemptions
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.
