Income Tax
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MAT Not Applicable as Bank Not Formed Under Companies Act: ITAT Kolkata
Section 68 Addition Deleted Due to Lack of Evidence of Bogus Transactions
Delay in Claiming Investment Allowance Not a Ground for Rejection Without Proper Verification
ITAT Remands Case as Fresh Claim Cannot Be Rejected Solely Due to Delay
Cash Deposits During Demonetization Not Unexplained When Supported by Books: ITAT Delhi
ITAT Surat Allows Expense Linked to Settled Dues Despite No Business Income
Charitable Status Reconsideration Ordered as Fee-Based Activities Alone Not Grounds for 12AB Rejection
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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.
