Income Tax
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TDS Credit Cannot Be Denied for Employer’s Failure to Deposit Tax: ITAT Mumbai
1439-day delay in Filing Appeal Condoned & Matter Remanded for Fresh Assessment: ITAT Kolkata
Section 143(2) Notice & Valid Draft Assessment Mandatory U/s 144C: ITAT Mumbai
Section 148 Notice Quashed for Lack of Live Nexus With Seized Material: Gujarat HC
50-Year Lease Not a Transfer U/s. 2(47)(vi) Without Transfer Arrangement: ITAT Nagpur
Section 149 Limitation Bars Section 148 Reassessment Based on Search Material: Gujarat HC
Delayed Form 10B Filing Not Ground to Deny Section 11/12 Exemption: ITAT Surat
Section 80P(2)(d) Deduction Allowed on Interest & Dividend From Co-op Banks: ITAT Delhi
Circle Rate-Based Land Valuation Accepted for Section 56(2)(viib) FMV: ITAT Delhi
Section 10(10B) Exemption for BSNL VRS Compensation Allowed: ITAT Ahmedabad
Section 153C Assessment Quashed for Defective Consolidated Satisfaction Note: ITAT Delhi
Income Tax Refund Delay: Tracking, Causes and Section 244A Interest
Section 68 Addition Rejected After Remand Report Confirmed Sale of Investments: Calcutta HC
Section 68 Inapplicable to Sale Proceeds of Disclosed Investments: 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.
