Income Tax
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Corpus Donations Not Taxable Merely Due to Section 10(23C)(vi) Claim: ITAT Jodhpur
ITAT Mumbai sets aside ISKCON 12AB rejection and grants 80G renewal
GP Rate Cannot Be Uniform Across Pre and Post Survey Periods: ITAT Delhi
Madras HC Upholds Deletion of Penny Stock Gains Addition under Section 68
ITAT Jodhpur Deletes 115BBE Rate on Survey Surrender Without Deeming Provision
ITAT Deletes ₹48.09 Lakh Addition on BSNL Receipts; Form 26AS Alone Cannot Decide Nature of Income
Section 35(2AB) Deduction Cannot Be Denied Due to Later DSIR Approval: Gujarat HC
Shares Issued as Business Acquisition Consideration Outside Section 56(2)(viib): ITAT Delhi
Object-Modification Delay Alone Cannot Deny Section 12AB Registration: ITAT Chennai
Section 153C Time Limit Runs From Material Receipt: ITAT Delhi
Stale Investigation Material Cannot Justify Reassessment: ITAT Delhi
ITAT Delhi Allowed Section 80G Approval as Religious Spending Stayed Within 5% Limit
Telangana HC Dismisses ITTA as ₹10 Lakh Tax Effect Falls Below CBDT Monetary Limit
Madras HC Directs Fresh Section 148 Notice to Legal Representatives of Deceased Assessee
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.
