Income Tax
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ITAT Chennai Remands Case on Reopening Validity for AY 2015-16 to CIT(A)
ITAT Delhi Quashes Reassessment for AY 2015-16 as Notice Issued Beyond Limitation Period
Co-op Bank Interest Not Eligible for 80P(2)(d) but Section 57 Deduction Permitted
Renewal of Fixed Deposit Not Unexplained Investment: ITAT Delhi Deletes Addition
Kerala HC Upholds Section 263 Revision for Lack of Inquiry in Slump Sale Assessment
ITAT Allows 12A Registration to Government-Controlled Temple Without Trust Deed
ITAT Allows 80P(2)(d) Deduction on Interest from Co-op Bank Deposits to Co-op Society
No Section 14A Disallowance Without Exempt Income: ITAT Mumbai
ITAT Chennai Remands 80P Deduction Claim Pending Condonation Decision by CCIT
Amount Received for Sacrificing Profit Share in LLP Not Income or Capital Gain
Dies & Productivity Expenses are Revenue Expenditure: ITAT Follows Consistency Rule
ITAT Pune Restricts Profit Estimation to 1.5% in Poultry Transporter’s Case
ITAT Restricts Section 56(2)(vii)(b) Addition to 50% for Joint Property Purchase
ITAT Mumbai Remands ₹18.76 Crore TDS Disallowance Case for Fresh Hearing
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.
