Income Tax
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ITAT Jaipur Confirms Full Section 54F Exemption Despite Son’s Name in Sale Deed
Withdrawal of approval u/s. 10(23C)(vi) without corroborative evidence of personal benefit not justifiable
One-Day Notice Invalidates Reassessment: ITAT Chennai Quashes U/s 148A(b) Proceedings
175-Day Delay Condoned by ITAT for Remote Villager Assessee
Have you received an SMS or Email from Income Tax Department on Foreign Assets? Read This Carefully
ITAT Amritsar Deletes Section 69A Addition on Demonetisation Cash Sales
ITAT Restores Section 54F Dispute to CIT(A) After Death of Assessee
Penalty order u/s. 271D/271E beyond 6 months from assessment is barred by limitation
ITAT Confirms U/s 263 Revision for Unexamined U/s 80G Donation
Reassessment u/s. 148 quashed as name of petitioner doesn’t appear in seized material
Revision proceeding u/s. 263 quashed as AO has taken plausible view
Amended Reassessment Provisions Cannot Reopen Years Already Barred Under Old Law
Slump Sale Depreciation Depends on Consideration Paid, Not Seller’s Book Values: SC
Seller’s Settlement Admissions Don’t Defeat Slump sale Buyer’s Depreciation Claim: Gujarat 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.
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.
