Income Tax
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ITAT Mumbai Expunges Conditions Making 12AB and 80G Benefits Subject to SC Challenge
ITAT Mumbai Sets Aside 12AB Renewal Rejection for Want of Trust Deed
ITAT Mumbai Deletes Section 36(1)(iii) Interest Disallowance on Cherlapally Land
ITAT Mumbai Remands Section 68 Loan Addition for Limited Cash Deposit Verification
ITAT Mumbai Deletes Ad Hoc 30% Commission Disallowance Without Specific Defects
ITAT Chennai Quashes Section 263 Revision Over Earlier-Year Lease Advances
Natural Justice Secures Fresh Hearing on ₹45.84 Lakh Disallowance: ITAT Mumbai
ITAT Mumbai Admits Additional Evidence in ₹11.17 Lakh Section 69A Dispute
ITAT Mumbai Deletes Section 68 Addition Based on Already Disclosed Commodity Profit
Section 48 Cannot Borrow Tomorrow’s Price: ₹97 Crore Gain Addition Deleted
No Passport Needed for Every Dollar: ITAT Accepts Foreign Cash Savings, Deletes ₹30 Lakh Addition
BSNL VRS Compensation Exempt U/s 10(10B): Delayed Claims Allowed
Advance Sale Consideration Invested in Agricultural Land Qualifies U/s 54B
Reopening U/s 148 Beyond Six Years Quashed: Silk-Waste Trader’s Appeal Allowed
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.
