Income Tax
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Interest from Private Banks Eligible for 80P Deduction: ITAT Pune Clarifies
Illiteracy and Notice Errors Save ₹2.61 Cr in ITAT Delhi Ruling
Single Section 153D Sanction for Seven Years Deemed Illegal by ITAT
Section 153C Notice Invalid Due to Missing ₹50 Lakh Asset Satisfaction
Section 148 Notice by Local AO Invalid Under 2022 Scheme
Section 148A Proceedings Invalid Outside Section 151A Framework
Bogus Loan Allegation Rejected After Proof of Repayment
Expense Not Bogus Merely for Recipient’s Non-Filing of Return
₹3 Lakh Leave Encashment Exempt Despite Job Change in Same Year
Appeal Restored as Delay Condoned Due to Procedural Lapse
Past Accepted Profit Rate Must Guide Estimation; 10% Arbitrary Cut to 6% – ITAT Bangalore
Turnover Filter Applied to Exclude Mega-Scale ITeS Companies
Deduction Denied Only for Late ITR Set Aside After Condonation
Revenue Appeals Fail as No Transfer of Risk and Reward Before Completion
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.
At Taxguru, we give a cohesive understanding off all income tax related circulars. We keep updating all the circulars as and when issued by the income tax department. You could view online or you can download all the latest news on Income Tax and circulars free of cost.
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.
