Income Tax
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Kolkata ITAT: Section 69C Cannot Be Invoked on Recorded Sales Receipts; Cash Payments under Section 40A(3) Deleted on Commercial Expediency
Hyderabad ITAT: Belated Filing of Form 67 Cannot Defeat Foreign Tax Credit under Section 90 and DTAA
Kachha Arhtia’s Turnover Is Only Commission; ITAT Hyderabad Deletes Section 271B Penalty
Hyderabad ITAT Quashes Reassessment for Want of Proper Section 151 Sanction
Approval by Wrong Authority Beyond 3 Years Vitiates Reassessment: Hyderabad ITAT
ITAT Deletes Section 271(1)(c) Penalty After Quantum Additions Are Fully Deleted
Understanding Trust Law in India: Formation, Registration & Governance
ITAT Deletes Sections 41 & 43 BMA Penalties for Bona Fide ESOP Disclosure Omission
Madras HC Dismisses Writ Against Section 153A Assessment, Cites Alternate Appeal Remedy
ITAT Allows Section 10(10B) Exemption on BSNL Voluntary Retirement Scheme Compensation
ITAT Allows Full Exemption Under Sections 10(10B) & 10(10AA) for BSNL VRS Benefits
Section 153C Proceedings Invalid Where Deemed Search Date Is After 1-4-2021: ITAT Bangalore
Transfer Pricing under Income Tax Act 2025: What Changed?
Selling & Marketing Expenses Cannot Be Disallowed Due to Ledger Nomenclature Error: ITAT Bangalore
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.
