Income Tax
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Section 62 of Bombay Sales Tax Act empowers Tribunal to rectify glaring error
Reassessment notice u/s. 148 without DIN is invalid and non-est
ITAT Mumbai Rejects Carry Forward Loss Due to 10-Day Delay Despite Medical Hardship
No Surviving Addition After 154 Rectification – ITAT Delhi Allows Relief u/s 89
Purchase & Reconstruction of Old House Qualifies for Section 54F Exemption: ITAT Delhi
Transfer of cases between AOs without Section 127 order is invalid: ITAT Delhi
Adhoc Disallowances Without Defects Unsustainable: ITAT Delhi
Foreign Exchange Loss on Import Creditors Allowed Despite No Business: ITAT Delhi
ITAT Mumbai Allows 6th-Year Utilization of Trust Accumulations, Upholds Old Section 11(3) Rule
ITAT Delhi Upholds Lease Equalization – ICAI Guidance Note Recognized as Valid
10% GP Addition Enough on Unverified Cash Sales – ITAT Reduces Rs.1.50 Cr to 15 Lakh
Section 68 Addition Quashed for Co-op Society Deposits During Demonetization
Co-op Society’s Demonetization Deposits Not Unexplained Income: ITAT Pune
No Tax on Cash Deposits from Verified Members During Demonetization: ITAT Pune
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.
