Income Tax
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ITAT Allows Section 44ADA Benefit on CA Partner’s Professional Remuneration
ITAT Allows New Tax Regime Benefit Under Section 115BAC Despite ITR Clerical Error
ITAT Upholds Deletion of Search Additions on Consultancy, Cash Sales & Section 69C Claims
Faceless Assessment SCN Must Allow Seven Days to Reply Under CBDT SOP: AP HC
Gujarat HC Quashes Section 148 Reassessment Notice as Barred by Ten-Year Limitation
ITAT Deletes Section 68 Additions After Assessee Discharges Primary Onus on Share Capital & Loans
ITAT Sets Aside Section 50C Addition as DVO Valuation Fell Within Tolerance Band
ITAT Allows 60% Depreciation on UPS, Restricts Section 14A Disallowance
Books Can’t Be Rejected Merely for Profit Decline or No Stock: SC
ITAT Upholds Denial of Section 10(38) Exemption on SRK Industries Shares
ITAT Deletes Section 68 Addition on Recorded Cash Sales During Demonetisation
ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits From Recorded Jewellery Sales
ITAT Quashes ₹2.74 Crore Section 68 Addition on Cash Deposits Supported by Books
ITAT Deletes Section 68 Addition on Recorded Jewellery Cash Sales
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.
