Income Tax
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Section 54 Deduction Cannot Be Restricted for Joint Purchase With Wife: ITAT Mumbai
Redeveloped Flat on Surrender of Tenancy Rights Taxable as Capital Gains; Section 54F Relief Allowed: ITAT Mumbai
Unexplained Cash Credit Addition Deleted on Loan Repayment Establishment: ITAT Delhi
R&D Expenses Cannot Reduce Section 80IB/80IC Deduction Without Nexus: Bombay HC
Members Guest Receipts Exempt on Mutuality Principle: ITAT Pune
Reopening Notice & Tax Demand Against Dissolved Company Quashed: Bombay HC
SC Remands Section 148 Reassessment Matters to HC for Fresh Consideration
Section 148 Notices & Order Quashed for Ignoring Finance Act, 2021 Procedure: Telangana HC
Section 35D Deduction for REIT IPO Expenses Rejected as Assessee Is Not a Company: ITAT Bangalore
Section 271AAB Penalty Deleted on Search Disclosure Additions: ITAT Visakhapatnam
Penalty Under Section 271AAB Set Aside for Invalid Penalty Notice: ITAT Chennai
Commodity Income Recorded in Documents Not Liable for Section 271AAB Penalty: ITAT Kolkata
Educational Institution Eligible for Section 10(23C)(iiiab) Exemption: ITAT Indore
Section 12AB Registration Cancellation Order Quashed for Lack of Jurisdiction: ITAT Delhi
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.
