Income Tax
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ITAT Delhi Quashes ₹20.33 Cr Penalty for Invalid Omnibus 271(1)(c) Notice
ITAT Allows Withdrawal of Appeals as CIT(A) Relief Goes Unchallenged in BMA Cases
Karnataka Housing Board Gets Income Tax Exemption from AY 2024-25
ITAT Hyderabad Restores Appeal as NFAC Sent Notices to Wrong Email
‘Make Available’ Test Fails: IT Support Reimbursement Not FIS Under India’s DTAA
ITAT Pune Deletes Perquisite Addition Already Included in Director’s Salary
ITAT Slams “Casual Approach” for Unexplained Cash Addition: Proof from Audited Books Must Be Verified
Family Settlement: Concept, Scope & Relevance under Income-Tax Law
Madras HC Quashes Income Tax Notices Issued by JAO Instead of FAO
ITAT Deletes ₹18.47 Lakh Demonetization Cash Addition, Citing Double Taxation
Transfer Pricing Adjustment of Rs. ₹445 Crore quashed against Netflix India
Addition towards bogus accommodation entry of LTCG deleted as primary onus discharged
No Hypothetical Income Can Be Taxed: Bombay HC on Cancelled Land Sale Agreements
Reassessment held invalid as approval u/s. 151 granted in mechanical manner
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.
