Income Tax
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Chennai ITAT Quashes Reassessment as No Addition Was Made on Recorded Reason
GSTR-2A Is Strong Evidence; Purchases Can’t Be Rejected Without Verification: Chennai ITAT
Chennai ITAT Deletes ₹76.45 Lakh Addition; Revenue Can’t Rely on Suspicion Once Source Is Proved
Chennai ITAT Quashes AIR-Based Reassessment; Cash Deposits Must Be Examined with Business Turnover
Lucknow ITAT Deletes ₹1.31 Crore Cash Deposit Addition; Bank Mitra Not Taxable on Customers’ Deposits
CBDT Notifies Chhattisgarh RERA for Schedule III Section 11 Exemption
CBDT Notifies Chhattisgarh RERA for Section 10(46) Income Tax Exemption
CBDT Notifies Maharashtra Fees Regulating Authority for Section 10(46) Income Tax Exemption
Section 263 Limitation Runs from Original Assessment, Not Reassessment: ITAT Delhi
ITAT Pune Allows Section 80P(2)(d) Deduction on Cooperative Bank Interest
Gujarat HC Quashes Section 148 Reopening, Applies IBC Clean Slate Principle
Wealth Tax Return Disclosure Does Not Bar Section 148 Reassessment: Gujarat HC
Gujarat HC Grants Section 12AB Registration Despite Member-Related Incidental Objects
ITAT Restricts Estimated Commission on Cheque Discounting to 0.35 Percent
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.
