Income Tax
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Extensive Charitable Activities shield educational society from denial of exemption and retrospective cancellation of registration
Delay Caused by Pending Section 154 Rectification Deserves Condonation: Bangalore ITAT
ITAT Allows Section 10(23C)(vi) Exemption From AY 2018-19 Due to Binding Earlier Tribunal Order
AO Cannot Exceed Scope of Limited Scrutiny Without Approval: ITAT Bangalore
Agricultural Income Can’t Be Denied Merely on Suspicion: Bangalore ITAT
Mere Loose Sheets, Scribblings & Excel Jottings Can’t Justify Capitation Fee Additions
Bangalore ITAT Allows 80P Deduction on Bank Interest to Credit Co-op Society
Bangalore ITAT Grants Indexation on Housing Loan Interest to NRI
No Return Filed but TDS Credit Cannot Be Denied After Taxing Income: ITAT Mumbai
Bombay HC Quashes Income Tax Demand as Department Failed to Produce Assessment Orders
Enhanced Leave Encashment Exmption Limit Applies Retrospectively: ITAT Chennai
TNEB Consumer Supply Rate, Not Purchase Rate, Relevant for Section 80IA Deduction: ITAT Chennai
Delhi HC Upholds Reassessment Notice Because Father Qualified as ‘Legal Representative’
Belated Form 10E Cannot Automatically deny Section 89 Relief: ITAT Indore
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.
