Income Tax
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ITAT Quashes ₹11.23 Cr Reassessment as Section 148 Notice Held Time-Barred
Ability to Pay vs Benefit Principle: Determining True Basis of Taxation in India
Reassessment After 31-03-2024 Time-Barred; First Proviso to Sec. 149(1) Prevails Over 148A – Proceedings Quashed by ITAT Bangalore
Provision for leave encashment on actuarial basis is allowable as deduction
Sec. 56(2)(x) Inapplicable to Conversion of Optionally Convertible Cumulative Redeemable Preference Shares into Equity Shares
ITAT Deletes Section 68 Addition as AO Relied Solely on Generalized Penny Stock Report
ITAT Restores Appeal After Wrongful Dismissal for Non-Payment of Advance Tax
ITAT Bangalore Quashes U/s 143(3) Assessment for Want of U/s 153C Jurisdiction
ITAT Bangalore Deletes Section 271D Penalty on Cash Sale Receipt
ITAT Bangalore Deletes Section 271FAA Penalty for SFT Delay
Second OGE Non-Est; Two U/s 143(3) r.w.s. 254 Orders for Same AY Invalid – Revenue Appeals Dismissed by ITAT Bangalore
Prosecution for Delayed Self-Assessment Tax Not Ground to Deny Vivad se Vishwas Relief
Agricultural Income: Exemption and Tax Treatment Explained
Tax Avoidance vs. Tax Evasion: Morality Line – From Legal Loopholes to Court of Public Opinion
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.
