Income Tax
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Unsold Stock-in-Trade Flats Not Taxable as House Property Income: ITAT Mumbai
P&H HC Strikes Down Section 147A, Holds JAO Cannot Issue Section 148 Notice
Provisions relating to Income chargeable under head Salaries under Income Tax Act, 2026
Indian Tax Residency After Moving to UAE: Rules, Day Counts & Common Mistakes
Notice to Deceased Assessee Under Section 148 Is Null & Void: Bombay HC
Trust Deed Not Mandatory for 12AB Renewal: ITAT Mumbai Allows Appeal
ITAT Mumbai Deletes ₹5.99 Crore Section 68 Loan Addition for Lack of Verification
ITAT Mumbai Deletes Section 68 Addition on Unsecured Loans proved by Documentary Evidence
ITAT Panaji Deletes Section 41(1) Addition for No Cessation of Liability
Year-End Expense Provisions Not Liable to TDS: ITAT Mumbai
Section 14A Disallowance Limited to 0.5% & Excludes from MAT Book Profit
ITAT Mumbai Deletes Rs. 93.23 Crore Management Fee TP Adjustment & Allows Related Grounds
ITAT Bangalore excludes high-turnover comparables & remands receivables adjustment
Flood Relief House Construction Expense Covered by Section 37(1): Karnataka HC
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.
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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.
