Income Tax
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ITAT Allows Section 10(10B) Exemption on BSNL VRS 2019 Compensation
Delhi HC Rejects Impleadment of Complainant in Reassessment Challenge, Allows Writ Amendments
Calcutta HC Quashes Automatic Confirmation Clause & Restores Section 68 Appeal for Fresh Adjudication
AO Can’t Become an Economist to Question Expected Return in Share Valuation: Delhi HC
ITAT Delhi Upholds Fictitious Derivative Loss Disallowance, Remands Reopening Issue
ITAT Delhi Remands Expense Disallowance for Fresh Assessment After Business Transfer
ITAT Mumbai Deletes Conditional Rider on Section 12AB and 80G Registration
ITAT Mumbai Deletes Caveat Making Section 12AB & 80G Approval Subject to SC Outcome
Madras HC Allows Section 10(23G) Exemption on Liquidated Damages, Underwriting Commission & Structuring Fees
ITAT Mumbai Allows Section 80G Deduction for CSR Donations, Remands Interest Issues
ITAT Mumbai Allows 12AB Renewal, Quashes Retrospective Cancellation of Charitable Hospital Trust
Allahabad HC Dismisses Appeals Upholding Interest Tax Reassessment Within Limitation
ITAT Delhi Quashes Reopening Where No Addition Was Made on Recorded Reasons
ITAT Hyderabad Remands Section 270A Penalty for Fresh Section 270AA Immunity Review
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.
