Income Tax
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Section 148A(d) Order Set Aside for Ignoring Reply: Delhi High Court
Reassessment Based on Change of Opinion Quashed After Scrutiny: Delhi HC
Tax Paid Twice on Same Income Is Genuine Hardship: Delhi HC
AO Cannot Disregard Tribunal Order Merely Because Revenue Filed Appeal: Bombay HC
Capital Gain in case of Family-Owned Immovable Property or Plot of Land
Section 148 notice giving shorter filing period invalid, ITAT Raipur quashes reassessment
Land Conversion Into Stock-in-Trade Rejected, 10% Section 50C Relief Granted: ITAT Surat
ITAT Kolkata Upholds Deletion of Additions for Derivative Loss and Section 50C
Unrequired Additional Commissioner approval vitiates Section 143(3) assessment: ITAT Delhi
Section 153D approval invalid for survey assessment, ITAT Delhi quashes Section 143(3) order
Search before assessment requires Section 148 route, ITAT Delhi quashes Section 143(3) order
Section 80G Rejection Set Aside for No Show Cause Notice: Gujarat HC
Section 80G Approval Upheld Where Section 12AA Registration Remained Valid: Chhattisgarh HC
Section 12AA(3) Cancellation Cannot Rest Merely on Section 2(15) Proviso: Bombay 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.
