Income Tax
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Exemption to Gujarat Trust Cannot Be Denied for Late Form 10 Filing: Gujarat HC
Section 11 Exemption Can’t Be Denied for Delay in Filing Form 10B: Gujarat HC
Section 11 Exemption Allowed Despite Delay in Form 10B Filing: Gujarat HC
Section 80GGC Political Donation: Penalty Upheld despite Deduction Withdrawal After Reopening
PCIT Cannot Convert Bogus Purchase Disallowance into Section 69C Income via Revision u/s 263
Intra-Group Loan Restructuring & Partner Account Reclassification Not Bogus Credits
Reassessment for Bogus Purchases Quashed: Approval by Pr.CIT Invalid After 3 Years
ITAT Selection Set Aside for Bias: SC Orders Fresh Committee Without Tainted Member
Incentive/ bonus paid to employees before due date of ITR allowed: ITAT Bangalore
Property Deal Addition Fails for Breach of Section 153C Time Limits
Section 153A Assessment Quashed as Notices Issued in Name of Deceased Assessee
Bogus Share Premium & Loan Confirmed as Section 68 Addition by ITAT Mumbai
Final assessment order barred by limitation as passed beyond time limit prescribed u/s. 144C(13)
Section 270A Penalty Fails After Quantum Section 56(2)(x) Addition Is Set Aside
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.
