Income Tax
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Vedic Gurukulam is “Charitable,” Not “Religious,” for Tax Exemption: ITAT Bangalore
Teaching Vedas is Not a Religious Activity Trust Eligible for 80G Exemption: ITAT Bangalore
ITAT Cochin Directs AO to Rectify Charitable Trust’s Returns After Processing Errors
Charitable Trust Eligible for 80G Despite Minor Religious Objectives: ITAT Ahmedabad
ITAT Clarifies 80G(5B) Scope: Minor Religious Expenses Permissible for Charitable Trusts
Section 80G Registration Cannot Be Denied Without Evidence of religious activities
Time-Barred Reassessment Notices Quashed: Limitation Period Enforced
ITAT Ahmedabad Quashes 270A Penalty on Deemed Income u/s 56(2)(x)
Addition u/s 68 Must Match Relevant Year – Premium Deleted, Capital Issue Remanded
No Double Taxation – Perquisites Taxed in Director’s Hands – ITAT Deletes Disallowance u/s 37
AO Cannot Reject Books merely for Fall in GP/NP Rates: ITAT Delhi
No Extra 14A Disallowance When Suo-Moto Exceeds Exempt Income: ITAT Mumbai
Reassessment on Illiquid Derivatives Set Aside as notice was time-barred
Notices Sent to Ex-Employee’s Email Invalid; Reassessment Set Aside
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.
