Income Tax
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Section 80P(2)(a)(i) Deduction Allowed as Assessee Not a Cooperative Bank: ITAT Panaji
Section 148 Reassessment Notice Upheld for Failure to Fully Disclose Material Facts: Gujarat HC
Section 159 Income Tax Rules on Legal Representative’s Liability After Taxpayer’s Death
Section 54B: Time to Revisit Rural Agricultural Land Withdrawal Rules
Assessment Quashed as ACIT Lacked Pecuniary Jurisdiction: ITAT Kolkata
Section 148A(3) Appeal Dismissed as Not Appealable Under Section 253: ITAT Jaipur
Section 69 Addition Deleted for Lack of Cross-Examination & Corroborative Evidence: ITAT Delhi
Section 68 Addition Deleted as Advance Recovery Explained by Evidence: ITAT Delhi
Section 143(3) Assessments Set Aside for Non-Compliance with Sections 148 & 148B: ITAT Delhi
Section 54 Exemption Remanded; DVO Valuation Reconsideration Directed After Objections: ITAT Jabalpur
Section 271G Penalty Deleted as Substantial TP Compliance & Reasonable Cause Established: ITAT Mumbai
Bogus Purchase Addition Deleted as Genuine Purchases Proved: ITAT Delhi
Section 56(2)(viib) Addition Deleted as DCF Valuation Rejection Unsustainable: ITAT Delhi
Transfer Pricing ALP Adjustment Remanded for Fresh FAR Analysis of Comparables: ITAT Delhi
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.
