Income Tax
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ITAT Deletes Addition of Cash Deposits During Demonetisation, Accepts Rental Income Source
Co-op Society cannot claim Section 80P(2)(d) deduction on interest from Regional Rural Bank deposits
Section 263 Cannot Be Invoked Without Twin Condition Satisfaction: Calcutta HC
ITAT Delhi Allows Section 54F Exemption to Private Trust on Capital Gains
Interest on Loan Is a Valid Application of Income for Charitable Trusts: ITAT Chennai
ITAT Ranchi Deletes Addition on Cash Deposits During Demonetization from prior withdrawals
ITAT Chennai Deletes Bonus Disallowance Wrongly Reported in Tax Audit Report
ITAT Ahmedabad Deletes ₹6.78 Lakh Section 69 Addition on Cash Deposits
ITAT Ahmedabad Deletes Addition for Unexplained Investment in Property for Retired Government Employee
Non-Receipt of Notice & CA’s Death Justifies Non-Compliance: ITAT Bangalore
TP Adjustment Cannot Be Added to MAT Book Profits: ITAT Delhi
ITAT Delhi Restricts Bogus Purchase Addition to 5% GP on Actual Purchases
No Double Taxation: ITAT Deletes Section 68 Addition on Cash Sales in Dairy Business
Share in Property Sale not Unexplained Credits under Section 68: ITAT Delhi
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.
