Income Tax
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BSNL VRS-2019 Compensation Gets Full Sec. 10(10B) Exemption; ITAT Condones 1,404-Day Delay

SC: DVO Reference Valid After Rejection of Books of Account

Section 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad

Panaji ITAT: AO Cannot Tax Loan Merely Doubting Creditor’s Creditworthiness

1 April Notice Date Prevails Over 31 March: Rajkot ITAT Quashes ₹1.33 Cr Penny-Stock Addition

Hyderabad ITAT: 60% Section 115BBE Rate Inapplicable to AY 2017-18

BSNL VRS-2019 Compensation Exempt u/s 10(10B) as Retrenchment Pay: ITAT Nagpur

Hyderabad ITAT: Appeal Delay Impliedly Condoned When CIT(A) Decides Case on Merits

Panaji ITAT Quashes Section 147 Reassessment When No Addition Made on Reopened Issue

Hyderabad ITAT: ₹12.69 Lakh Demonetisation Cash Addition Deleted for Explained Bank Withdrawals

Survey Income Is Part of Book Profit for Partners’ Remuneration u/s 40(b): ITAT Panaji

Panaji ITAT Allows Section 80P(2)(d) on Interest from Co-operative Banks

Rajkot ITAT: ₹8.91 Cr Reassessment Quashed as Notice Issued to Dissolved Firm

Panaji ITAT: Partner Remuneration Cannot Be Taxed Twice – ₹2.98 Lakh Addition Deleted
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.

