Income Tax
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SC Dismisses Tax Department Appeal Due to Delay, Upholds Quashing of Reassessment Notice
Reassessment Notice Quashed Due to Incorrect Assumption of Share Transfer: Delhi HC
₹9.32 Cr Cash Deposit Addition remanded Due to Lack of Verification by Tax Authorities
BSNL VRS Compensation Fully Exempt Due to Retrenchment Character of Scheme: ITAT Pune
Reassessment Beyond 10-Year Limit Invalid: Gujarat HC Quashes Notice for AY 2012-13
SC Dismisses Appeal Due to Delay: IBC Resolution Plan Prevails Over Tax Filing Delay
Unrealized MTM Gains on Forward Contract Not Taxable before maturity: Kerala HC
No Section 68 Addition When Demonetization Cash Deposits Explained by Books: Allahabad HC
No TDS on Foreign Commission as Income Not Taxable in India: ITAT Rajkot
Transition of Income Tax Act 1961 into Income Tax Act 2025 – Key Changes
Corrigendum to Notification of Income tax return Form U
Corrigendum to Notification of Income tax return Form 7 (ITR 7)
Corrigendum to Notification of Income tax return Form 6 (ITR 6)
Corrigendum to Notification of Income tax return Form 5 (ITR 5)
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.
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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.
