Income Tax
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HRA & Chapter VIA Deductions Under Scrutiny — Tribunal Orders Full Adjudication
Production of directors not mandatory to prove genuineness of transaction; Deletes commission addition: ITAT Delhi
Section 12AB Renewal for Small Charitable Trusts: 5-Year vs. 10-Year Validity
ITAT Chennai Deletes Rs. 8 Lakh Addition for Cash Deposit from Casuarina Tree Sale Income
ITAT Confirms Additions Only for Unknown Shareholders, Deletes Others
ITAT Jodhpur Restores Trust’s 12A Registration Applications After RPT Certificate Issued
Directors’ Bonus vs. Dividend Misclassification: ITAT Orders Fresh Examination
Co-owned property, income tax additions must be limited to assessee’s share: ITAT Mumbai
Saif Ali Khan Wins Tax Appeal as ITAT Mumbai Strikes Down Defective Reassessment
Addition Based on Third-Party Excel Sheet Without Evidence of Payment Deleted by ITAT
Stamp Duty Charged at Residential Rates on Agricultural Land: ITAT Delhi Remands Section 56(2)(x)(b) Addition
Free Flat Receipt Not Taxable in AY 2007-08: Section 56(2)(v) Covered Only Money
ITAT Mumbai Allows Deduction of Strike Compensation Paid by Registered Trade Union
ITAT Pune Remands Denial of 12A/80G Registration for Educational Trust due to non-consideration of submissions
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.
