Income Tax
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Delay in Filing Form 10DA is Procedural – 80JJAA Deduction Cannot Be Denied: ITAT Pune
ITAT Pune: Interest on Bank Deposits Not Covered by Mutuality; Only Proportionate Expenses Allowed
Income Tax Assessment Quashed Due to Invalid Notice by Officer Lacking Pecuniary Jurisdiction
ITAT Mumbai: Reopening Invalid on Change of Opinion-No Fresh Material, Assessment Quashed
Appeal Cannot Be Dismissed for Non-Payment of Advance Tax When No Taxable Income Exists
Deemed Dividend Upheld, But AO Directed to Recompute After Interest Adjustment: ITAT Pune
Can WhatsApp Chats Alone Justify Tax Additions? Tribunal Says No
Reassessment Quashed Due to Reliance on Unverified Third-Party Digital Evidence
Procedural Lapse Cannot Deny U/s 12A Registration: ITAT Pune
ITAT Mumbai: Second Reopening Based on Same Material Is Invalid-Change of Opinion Not Permissible
ITAT Mumbai Allows Actuarial Provisions for Employee Benefit Schemes; Deletes Major Disallowances on Expense Provisions
ITAT Mumbai: Sec 14A Disallowance Cannot Exceed Exempt Income-Addition Restricted
ITAT Mumbai: Reopening Invalid Without Proper Sanction-Approval by Wrong Authority Vitiates Entire Proceedings
ITAT Mumbai: Interest from Co-Operative Banks Eligible U/s 80P(2)(d)-Consistency Principle Applied
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.
