Income Tax
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Delhi ITAT trims Revenue’s case, revamping only Section 14A calculation
WhatsApp Chats as Evidence: ITAT Upholds ₹9 Lakh Addition on Unrebutted Digital Record
Delay from Heart Surgery Held Valid Reason for Late Appeal: ITAT Bangalore
ITAT Delhi Quashed Reassessments for Wrong Reasons, Time-Bar & Invalid Sanction
ITAT Delhi Quashes Reassessment for Mechanical Section 148 Notice & Wrong Assumption of Non-Filing
Absence of notice u/s 143(2) after transfer of jurisdiction renders entire order void
Bogus Loan Addition Deleted: ITAT Rejects Uncorroborated WhatsApp Chats & Statements
Aircraft Lease Is Operating Lease Since Ownership Never Transfers: ITAT Delhi
Section 68 Addition Deleted: ITAT Rejects Addition Based Solely on Retracted Survey Statement
Corpus Donations Cannot Be Taxed If Written Direction Exists: ITAT Mumbai
Reopening Barred by Limitation: ITAT Quashes 148 Notice for AY 2015-16 Post-TOLA
ITAT Bangalore Grants Full 80P Deduction to Yedapadavu Vyavasaya Sahakara Sangha
Statements recorded during survey have no evidentiary value unless corroborated by material evidence
Reassessment Quashed: ITAT Invalidates Reopening Beyond 4 Years Without Material Non-Disclosure
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.
