Income Tax
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Bangalore ITAT Upholds Section 69A Addition: No Evidence Furnished to Explain Source of Cash Deposits
Bangalore ITAT Restores Assessment Made Under Old PAN Despite Return Being Filed Under New PAN
Bangalore ITAT Restores Agricultural Income Case Over ₹26.64 Lakh: Portal Size Restrictions Cited
Bangalore ITAT Restores 8% Profit Estimation on ₹2.52 Crore Export Turnover for Fresh Adjudication
Bangalore ITAT: CIT(A) Cannot Rely on Portal Delivery Report Without Hearing Assessee
Bangalore ITAT Quashes Reassessment: PCIT Not Competent to Sanction Notice Issued Beyond Three Years
Bangalore ITAT Allows Full Exemption for BSNL VRS Compensation under Section 10(10B)
Depreciation Allowable on Entire ₹268 Crore Rajasthan Royals Franchise Cost: ITAT Mumbai
Partner’s Capital Received Through Demand Drafts Cannot Be Added Under Section 68: Gujarat HC
Foreign-Leg LTC Not Exempt Under Section 10(5); TDS Liability Sustained: ITAT Patna
Refund Must First Adjust Against Interest Before Principal Tax: ITAT Mumbai
₹6 Crore Bona Fide Family Settlement Not Taxable; Non-Interference Clause Incidental: Pune ITAT
Telangana HC Sets Aside Section 68 Additions on Explained Rs.5.25 Crore Cash Credits
AO Taxed LTCG at 20%, Not 22%: Delhi HC Sets Aside Contrary Findings of CIT (A)
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.
