Income Tax
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ITAT Delhi Allows Full Leave Encashment Exemption up to ₹25 Lakh under Section 10(10AA)
Goodwill from Slump Sale Eligible for Depreciation: ITAT Mumbai
Delhi HC Quashes Section 153C Notice for Failure to Meet ₹50 Lakh Threshold
Delhi HC Quashes Reassessment for Sanction by Incompetent Authority under Section 151
BPTP Limited: Supreme Court Upholds Delhi HC Ruling on Reassessment Reopening
ITAT Jaipur Allows Section 80JJAA, 80-IA and MEIS Claims; Disallows Delayed PF/ESI
Raipur ITAT Restricts Section 272A(2)(e) Penalty to Section 139(4) Filing Period
MEIS Reward Not Income under Section 2(24)(xviii) & is Capital Receipt: Delhi ITAT
MEIS Scrip Sale Proceeds Capital Receipts, Not Taxable: ITAT Chennai
Unsigned, Unstamped Sale Agreement Cannot Prove Cash Receipt: ITAT Deletes Section 271DA Penalty
Section 69A Addition Deleted for Excel-Sheet Entries Without Unexplained Money: Delhi ITAT
AO Cannot Reopen Assessment Concluded by Settlement Commission: SC
Layered Loans Used to Acquire Promoters’ Shares Constitute Benami Transaction: SAFEMA
Bank Credits Recorded in Books Cannot Be Taxed Under Section 69A: Kolkata ITAT deleted ₹18.83-Cr Addition
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.
