Income Tax
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Reassessment Quashed for Using Section 147 Instead of Mandatory Section 153C
Revenue Appeal Dismissed: Cooperative Bank Income Deductible Under 80P(2)(d)
60% Tax Disallowed Because Higher 115BBE Rate Applies Only From AY 2018-19
Tribunal Rules Cash Sales Deposits Are Not Unexplained During Demonetization
NRIs, Tax Reform and Treaty Issues in India’s New Tax Regime
ITAT Holds Dismissal Invalid Where Assessee Not Heard on Section 249(4)(b) Requirement
CIT(A) Cannot Dismiss Appeal for Non Prosecution – Matter Remanded for Fresh Adjudication
Tribunal Rejects Recall Request for Lack of Apparent Error
ITAT Cuts Demonetisation Addition After Finding Books Reliable
HC Rejects Section 14A Disallowance Due to Absence of Exempt Income
HRA Deduction for Salaried Persons Under the New Tax Regime
Appeal Restored Due to Sufficient Cause Arising from Mismanagement Proceedings
Addition Deleted Because Property Purchases Were Proven as Stock-in-Trade, Not Unexplained Investment
Delay Condoned Because Temple Believed Income Was Exempt Under Section 10(23BBA)
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.
