Income Tax
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ITAT Sets Aside CIT(A) Order for Ignoring Bombay HC Interim Relief on Section 10(23C) Exemption Claim
Delayed Form 10B Filing Not Enough to Deny Section 11 Exemption Exemption
SC allows Depreciation on Leased Assets as Actual Physical Use Not Mandatory
Madras HC Remands Matter on Sequential Deduction Under Sections 80IB & 80HHC Following SC Ruling
ITR Forms for AY 2026-27: Which Form to File and Key Changes
ITR Filing AY 2026-27 Begins: Don’t Rush Yet
Buyback Gains Taxable Under Section 46A as Section 47(iv) Conditions Not Met: ITAT Bangalore
WhatsApp Chats without proof of completed transactions Cannot Justify Section 69A Additions: ITAT Mumbai
Section 271AAC Penalty Unsustainable After Assessment Is Quashed: ITAT Delhi
ITAT Delhi Quashes Section 153C Action Due to Absence of Section 65B Certificate
ITAT Delhi Restricts Bogus Purchase Addition to Profit Element Only
Section 143(1) PF/ESI Disallowance Invalid Before SC’s Checkmate Ruling Due to Debatable Legal Position
No Service of 143(1) Intimation = No Delay in Appeal – ITAT Revives TDS Credit Claim After 15 Years
5-Day Share Trade Cannot Automatically Become ‘Bogus Penny Stock’: 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.
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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.
