Income Tax
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Section 80GGC Deduction Denied for Alleged Accommodation Entries Without Evidence
Deletion of Protective Income Tax Addition Based on Error Set Aside
Income Tax Exemption Approved for UP Industrial Authority with Conditions
Kota Development Authority Notified for Section 10(46) Income Tax Exemption
Income Tax Penalty Revision Barred After Amnesty Grant for Finality of Disputes: Rajasthan HC
On-Money Gross Receipts Not Taxable, Only Profit Can Be Assessed
Bogus Purchase Addition Deleted Where Documentary Evidence Supports Transactions
Accommodation Entries Taxable Only on Commission, Not Gross Credits
ITAT Kolkata Upholds Reopening & Sustains ₹1 Cr Addition u/s 68 on Alleged Accommodation Entry
CPC Overreach Struck Down for Blanket Expense Disallowance
Notice Invalid as Approval Under Section 151(ii) Was Defective: ITAT Raipur
Form 35 Defect Curable, Dismissal Without Hearing Set Aside
Reopening Dropped as Supreme Court Concession on AY 2015-16 Is Binding
Section 10AA Deduction Upheld Despite Late Filing of Return
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.
