Income Tax
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ITAT Quashes Section 154 Rectification as Survey Income Character Was a Debatable Issue
ITAT Deletes Section 272A(1)(d) Penalty as Acute Depression Constituted Reasonable Cause
ITAT Quashes Section 154 Rectification as Section 270AA Immunity Gave Finality to Assessment
ITAT Restores Section 69 Matter to AO After Ex Parte Assessment and Appeal Orders
ITAT Holds Section 80AC Bar No Longer Applies, Restores Section 80P Claim
CBDT Notifies Infrastructure Sub-Sectors as Eligible Businesses Under Income Tax Act 2025
ITAT Mumbai in AY 2010-11: Extensive Ruling on Banking Taxation Issues
ITAT Mumbai Sets Aside Assessment as Adequate Hearing Opportunity Was Not Granted
ITAT Remands Section 80GGC Claim as Political Donation Verification Was Incomplete
ITAT Quashes Section 153A Assessment as AY 2010-11 Fell Outside Ten-Year Block Period
CSR Donations Eligible for Section 80G Relief as Section 37 Disallowance Does Not Bar Chapter VI-A Deduction
ITAT Rejects Blanket Bogus Purchase Disallowance as Sales & Stock Records Were Accepted
ITAT Deletes Black Money Act Penalty Due to Bona Fide Schedule FA Omission
Advance Tax Payment Not Shield from Penalty for Concealment of Capital Gains: Madras 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.
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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.
