Income Tax
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ITAT Chennai Remands 80P Deduction Claim Pending Condonation Decision by CCIT
Amount Received for Sacrificing Profit Share in LLP Not Income or Capital Gain
Dies & Productivity Expenses are Revenue Expenditure: ITAT Follows Consistency Rule
ITAT Pune Restricts Profit Estimation to 1.5% in Poultry Transporter’s Case
ITAT Restricts Section 56(2)(vii)(b) Addition to 50% for Joint Property Purchase
ITAT Mumbai Remands ₹18.76 Crore TDS Disallowance Case for Fresh Hearing
Deduction on Interest Payment Restored as ITAT Finds Transaction Genuine
ITAT Orders Fresh Verification of Unexplained Russian Remittances in Alleged Over-Invoicing Case
ITAT Pune Remands Case on 80G Registration Denial over Pooja Expense Misclassification
ITAT Deletes Addition for Demonetized Cash Deposit, Reduces Profit Estimation to 1%
Section 69A Addition Remanded for Reconsideration; ITAT Chennai Allows Late Appeal
Approval from PCIT Instead of PCCIT Invalidates Section 148 Notice: ITAT Pune
Bombay High Court Quashes Reassessment Notice for Invalid Sanction
ITAT Allows Section 54 Deduction for Renovation to Make New House Habitable
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.
