Income Tax
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ITAT Kolkata Allows Section 80IE Deduction Despite Belated Filing of Form 10CCB
Revenue Appeal Not Maintainable During IBC Moratorium: Delhi ITAT
Section 56(2)(viib) Addition Fails Where Share Premium Is Below DCF-Based FMV: Delhi ITAT
Madras HC Quashes Third Reassessment Attempt After Department Dropped Earlier Proceedings
Madras HC Quashes Reassessment Where No Addition Was Made on Recorded Reason for Reopening
Bombay HC: Assessee Cannot Seek Relief on ₹16 Lakh Already Disallowed in Income Computation
ITAT Mumbai Deletes ₹1.71 Crore Section 68 Addition on Advance Received & Refunded Through Banking Channels
ITAT Mumbai Deletes Section 68 Addition on Repaid Unsecured Loans Through Banking Channels
ITAT Mumbai Upholds 0.5% Corporate Guarantee Fee, Allows ESOP Deduction
Fresh ₹216.78 Crore ESOP Deduction Claim Can Be Raised Before Appellate Authorities: ITAT Mumbai
ITAT Ahmedabad Quashes Section 263 Revision Over Change of Disallowance Provision
Madras HC: Section 80IB Deduction Need Not Reduce Section 80HHC Relief
Bangalore ITAT Condones 4-Year Delay as Assessee Bona Fide Pursued Section 119(2)(b) Remedy
Gujarat HC Upholds Section 148 Reopening Based on Tangible Material in Penny Stock Case
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.
