Income Tax
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Section 80G Deduction on CSR Donations Allowed Subject to Verification: ITAT Mumbai
Section 80JJAA Claim Allowed at Appellate Stage Despite Omission in Return: ITAT Kolkata
No Section 56(2)(x) addition Before Receipt of PAA: ITAT Mumbai
Cash Loan Additions Based Solely on Third-Party Statement Deleted: ITAT Delhi
Section 271B Penalty Deleted After Belated Tax Audit Report Accepted in Reassessment: ITAT Chennai
Defect in Section 143(2) Notice Format Is Curable Under Section 292B: ITAT Bangalore
CBDT Amends Rule 157 to Align Specified Fund Definition with Rule 114AAB
CBDT Notifies District Legal Service Authority, Jind for Section 11 Exemption
CBDT Notifies District Legal Services Authority, Jind for Section 10(46) Income Tax Exemption
Section 148 Notice Quashed for Lack of Tangible Material & Opinion Chnage: ITAT Chennai
Interest Disallowance Not Sustainable Where Own Funds Exceed Investments: ITAT Bangalore
Section 12AB Registration & 80G Approval Cannot Carry Conditional Caveat: ITAT Mumbai
HRA Exemption not Deniable When Employer Pays Rent & Recovers It from Employee: Gujarat HC
Payments to Insurance Aggregators Allowable as Business Expense: ITAT Mumbai
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.
