Income Tax
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ITAT Mumbai: Bogus Purchase Addition Limited to GP Rate of Genuine Purchases
Gujarat HC: Section 263 Orders Quashed as Section 14A Issue Was Already Examined in Original Assessment
ITAT Mumbai: Section 263 Revision Quashed as AO Examined Section 57(iii) Interest Claim
ITAT Mumbai: Section 263 Revision Quashed as AO Had Examined Purchases and Issue Was Pending in Appeal
ITAT Delhi: Section 11/12 Exemption Allowed as BARC Deployment Was Pursuant to Government Policy
ITAT Delhi: Section 11/12 Exemption Allowed as BARC Investment Did Not Violate Section 11(5)
Delhi HC Dismisses Section 68 Loan Addition Appeal as Assessee Proved Loan Genuineness
ITAT Mumbai Deletes Section 40(a)(ia) Disallowance as Payments Were Capitalised as WIP
ITAT Nagpur: Section 263 Revision Invalid on Omitted Section 92BA(i)
ITAT Chennai Deletes Domestic TP Adjustment Under Omitted Section 92BA(i)
Bombay HC Quashes Reopening Notice for Change of Opinion on Section 115JB Brand Amortisation
Bombay HC Quashes Reopening Notice as Section 54 Deduction Was Already Examined
Bombay HC Quashes Reassessment Notice Under Section 148 for Mere Change of Opinion
ITAT Chennai Deletes Section 69A Addition Cash Deposit Supported by Business Records
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.
