Income Tax
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Section 69C Not Applicable to Salary/Wages Disallowance Where Source Is Explained
Second Reopening u/s 147 Quashed as Change of Opinion—Section 54F Deduction Cannot Be Revisited Without New Material
Reassessment After Four Years Invalid for Change of Opinion: ITAT Chennai
ITAT Mumbai Quashed Cash Addition Based Only on Third-Party Excel Sheet
ITAT Mumbai deleted Bogus LTCG additions for Lack of Direct Evidence
Composite Trust Eligible for U/s 80G If Religious Spend Within 5% Limit
Section 54F Exemption Cannot Be Denied for Small or Modest House Construction
Section 263 Revision Upheld for Lack of Enquiry on Cash Deposits
Appeal Cannot Be Dismissed Without Deciding Delay Condonation
Section 271(1)(c) Penalty Order Set Aside for Being Non-Speaking
Artificial profit/loss arising from client code modification requires transaction-wise reconciliation-Matter restored
Agricultural Income Claim Remanded for Lack of Proof
Reassessment Notice Quashed as Time-Barred After Supreme Court Ruling
Delay in Form 10AB Condoned; Rejection of 12AB Registration & 80G Approval Set Aside
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.
