Income Tax
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ITAT Allows Full Salary Deduction Due to Acceptance of 75% Expenditure by Authorities
Why Income Tax Notices issued in Exempt Agricultural Land Transactions?
Petition dismissed observing that Court cannot act as an AO and call documents which can be done by AO
GST Notices for Multiple Years Allowed? Bombay HC Refers Issue to Larger Bench
Service Matters to CAT First: HC Declines Writ on Pension & Arrears Claim of retired income tax official
No Hearing, No Decision: HC Sets Aside Rejection of Business Loss for Fresh Adjudication
Wrong Property, Right Target: Tribunal Allows Benami Attachment of Rs 1.96 Cr Despite Defective Identification
HC Rejects ‘Human Conduct’ Theory: Cash Deposit Explained, Sec 69A Addition & Penalty Quashed
No Review Without Apparent Error: HC Rejects Revenue’s Plea on DTVSV Form-2 & Rectification Issue
Interest on deposits linked to business setup was capital receipt and not taxable as ‘Income From Other Sources’
HC Upholds Delay Condonation u/s 119(2)(b) with Clarification on Successor Status; Not a Precedent
Reassessment on Deceased Assessee Invalid: HC Quashes Entire Proceedings, Permits Fresh Action Against LRs
Sec 69 Addition Set Aside for Reconsideration: HC Allows Fresh Evidence on Alleged Unexplained Investment
HC Flags “Catch-22” in TDS Prosecution; Directs Liquidator to Act, Grants Limited Protection
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.
