Income Tax
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Section 10(23C)(iiiad) Exemption Restored: CIT(A) Cannot Reject Fresh Claim – Panaji ITAT
Panaji ITAT Allows Section 80P Deduction on Bank Deposits of Credit Co-operative Society
Panaji ITAT: Section 148 Notices Beyond Surviving Limitation Quashed Under Rajeev Bansal
Pune ITAT Deleted On-Money Addition – Banking Payment Cannot Be Treated as Unexplained Cash
NCLT Dismisses ₹975 Crore Income Tax Claim Filed After 1305-Day Delay
ITAT Mumbai Deletes Unexplained Investment Additions for Shops Purchased by Others
ITAT Chennai Quashes Section 153C Notices as Seized Material Received After 1st April 2021
MP HC Upholds ITAT Order Annuling Assessment and Deleting ₹2.88 Crore Addition
ITAT Delhi Quashes Assessment as Section 153C, Not Section 143(3), Was Applicable
ITAT Chandigarh Deletes ₹13 Crore Addition & Section 271D Penalty for Lack of Evidence
Karnataka HC Quashes Settlement Commission Order Passed Beyond Statutory Time Limit
Kerala HC: Medical PG Stipend vs Salary Dispute Requires Appeal for Section 10(16) Exemption
Madras HC Permits Advocate Appointment to Examine Income Tax Records in Liquidation
TAT Mumbai: DBS Bank’s Guarantee Commission TP Adjustment Cut to 0.46%
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.
