Income Tax
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ITAT Delhi Quashes Section 153C Assessments for AYs Outside Ten-Year Block Period
Karnataka HC Dismisses Section 260A Appeal for Lack of Territorial Jurisdiction
Bangalore ITAT Deletes Section 270A Penalty on Bona Fide Section 80P Claim
Karnataka HC Quashes Section 148 Reassessment for AY 2015-16 Issued After April 2021
ITAT Varanasi Deletes Section 68 Addition on Cash Sales Already Accounted as Turnover
ITAT Ahmedabad Accepts Foreign AEs as Tested Party, Remands TP Adjustment
Delhi HC Upholds VSV Settlement, Quashes CIT(A) Remand After Form 4 Issuance
Allahabad HC Quashes Assessment Due to Mechanical Section 153D Approval
ITAT Delhi Deletes ₹4 Crore Addition Based on Uncorroborated Third-Party WhatsApp Chats
Gujarat HC Rejects Challenge to 6% Bogus Purchase Addition as Issue Was Settled
Bombay HC Restricts Bogus Purchase Addition to 8% as Sales Were Accepted
ITAT Bangalore Excludes Four Software Development Comparables in Transfer Pricing Appeal
ITAT Pune Excludes Comparables Affected by Mergers and Functional Differences
ITAT Delhi Upholds Exclusion of Infosys BPO, TCS E-Serve & e4e Healthcare as Comparables
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.
