Income Tax
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Karnataka HC Quashes Section 148 Proceedings for Granting Less Than 7 Days Notice Under Section 148A(b)
ITAT Restricts Demonetisation Cash Deposit Addition to ₹5 Lakh, Rejects Section 115BBE Tax
Telangana HC Condones Delay in Filing Form 10B, Restores Section 11 Exemption
Bombay HC Upholds Section 148 Reopening Based on Survey Revealing Bogus Purchases
SC Dismisses Challenge to Section 153A Assessments Based on Incriminating Material
SC Dismisses SLP Against Section 153A Remand to ITAT
Allahabad HC Remands Section 153A Cases to ITAT Over Incriminating Material Findings
Madras HC Quashes Section 153C Notices for Search Initiated After 1 April 2021
ITAT Ahmedabad Allows Normal Tax Rates for Charitable Trust Without Section 12A Registration
ITAT Cochin Deletes Section 143(1) Adjustment Denying Section 11 Relief
Charitable Trust Not Taxable at Maximum Marginal Rate: Mumbai ITAT
Gujarat HC Quashes Section 148 Reassessment Notice Beyond 10-Year Limitation
Varanasi ITAT Quashes Reassessment; Earlier Assessment Had Examined Same Bank Account
ITAT Varansi Sets Aside 12AB Registration Rejection for Breach of Natural Justice
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.
