Income Tax
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Bank Deposits Part of Presumptive Income: ITAT Delhi Quashes AO’s Addition
NGO Misused for Kickbacks: ITAT Delhi Sustains Retrospective 12AA Cancellation
Invalid Reassessment Notice by JAO Renders 263 Revision Non-Est: ITAT Chennai
Reassessment Beyond Four Years Invalid Without New Evidence: ITAT Chennai
Addition u/s. 69A not sustained as bank account belongs to HUF of assessee
ITAT Chennai Allows ₹16.84 Lakh Bad Debt Claim from Employee Fraud
ITAT Chennai Allows Fresh Evidence to Challenge ₹3.79 Crore Addition u/s 68
POA Alone Cannot Trigger Capital Gains – ITAT Bangalore Deletes ₹30 Cr Addition
Delayed ITR Filing: Delhi HC Reaffirms Liberal Interpretation of ‘Genuine Hardship’ in Condonation
Charitable Trust Can’t Be Denied Tax Exemption for Delayed Form 10B Filing: Bombay HC
Software License Fees Paid to UK Company Not Taxable as Royalty: Karnataka HC
Service Tax Liability Arises Only on Actual Receipt of Funds – ITAT Upholds Deletion of Rs. 3.62 Cr Addition
Tribunal Deletes ₹25 Lakh Bank Deposit Addition for Illiterate Agriculturist
No need to file Form 10EE every year once it has been filed for a year: ITAT Mumbai
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.
