Income Tax
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Penalty u/s. 270A quashed as specific limb u/s. 270A(9) not specified

Manner of Revision of Tax Audit Reports under Income-tax Act, 1961

ITAT Delhi Quashes 153C Assessments for Lack of Specific Satisfaction Note

ITAT Surat Restores Trust’s 12A Registration Plea After Ex Parte Rejection by CIT(E)

ITAT Mumbai Allows Retrospective 5% Tolerance Relief Under Section 56(2)(x)

Section 69A Addition Unsustainable When Sales Already Taxed: ITAT Ahmedabad

ITAT Chennai Remands Case on Reopening Validity for AY 2015-16 to CIT(A)

ITAT Delhi Quashes Reassessment for AY 2015-16 as Notice Issued Beyond Limitation Period

Co-op Bank Interest Not Eligible for 80P(2)(d) but Section 57 Deduction Permitted

Renewal of Fixed Deposit Not Unexplained Investment: ITAT Delhi Deletes Addition

Kerala HC Upholds Section 263 Revision for Lack of Inquiry in Slump Sale Assessment

ITAT Allows 12A Registration to Government-Controlled Temple Without Trust Deed

ITAT Allows 80P(2)(d) Deduction on Interest from Co-op Bank Deposits to Co-op Society

No Section 14A Disallowance Without Exempt Income: ITAT Mumbai
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.

