Income Tax
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Redevelopment Hardship Compensation is Capital Receipt & Not Income
ITAT Mumbai Quashes Reassessment for Time-Barred Section 148 Notice
Understanding Interest Under the Income Tax Act: How It’s Calculated and Why It Matters
Banking Business Allowed: ITAT Confirms Amortization and Standard Asset Provisions are Deductible
Technical Win for Revenue, Substance Win for Taxpayer: ITAT Restores Deductions on Merits
Taxpayer Wins Penalty Appeal: Full Disclosure Exempts International Tax Addition from Section 270A
PF Contribution Delay Excused: Doctrine of Impossibility Overrides Rigid Tax Rule
Search Assessment Additions Deleted: ITAT Voids High-Pitched Estimates Without Evidence Reason
Trade Promotion is Genuine Charity: ITAT Rejects Section 2(15) Proviso on Cost Recovery Reason
54B Exemption Denied Review: CIT(A) Ordered to Examine Revenue Records and Crop Details Reason
PF/ESI Disallowance: Checkmate Ruling Applies Retrospectively, ITAT Confirms Reason
Addition by AO u/s. 143(3) r.w.s. 263 doesn’t survive as order passed u/s. 263 quashed
Matter remanded as evidence proving financial capability of partners for capital contribution produced
Documentary evidences to prove cash deposit due to family settlement to be submitted: Matter restored
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.
