Income Tax
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Section 80G Approval Cannot Be Denied if Religious Expenditure below 5% of Total Income: ITAT Ahmedabad
LTCG Indexation Starts from Builder Buyer Agreement, Not Provisional Allotment: Delhi HC
Section 12AB Registration cannot be denied to Trust for Clerical Mistake: ITAT Agra
ITAT Chennai Remands Case on Depreciation Claim for Goodwill Arising from Amalgamation
Interest on Enhanced Compensation for Acquired Exempt Agricultural Land Not Taxable
SC Clarifies Scope of “Sikkimese” Under Section 10(26AAA) of Income Tax Act
ITAT Remands 80G Approval Case: Incorrect Form Selection & Natural Justice Violation
No Section 68 Addition as Penny Stock Transactions Did Not Yield LTCG
Delhi HC Allows Bank Account Operation for Subsistence Allowance Amid IT Attachment
SC Disposes Revenue Appeal Against Reassessment Notice Quashing
ITAT Condones Delay, Restores Appeal Challenging Capital Gain Hike Due to Clerical Error
ITAT Kolkata Partly Allows Business Expense Claims in Painting Business
ITAT Indore Restores Ex-Parte Assessments for Fresh Hearing Amid Natural Justice Concerns
Valuation Report by Registered Valuer and its Impact on Assessment Order
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.
