Income Tax
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ITAT Cochin allows Section 80P Deduction to Primary Agricultural Credit Coop Society
ITAT allows Section 80P Deduction on Addition to Business Income
Section 147 reassessment cannot stand if foundational addition prompting reopening is invalidated
Section 148 Notice for AY 2015-16 Held Time-Barred: ITAT Mumbai
Rajasthan High Court Quashes Shree Cement Reassessment Notice
Bombay HC Condoned 27-Day Delay in Filing Form 10B
Gujarat HC Quashes Time-Barred Section 148 Reassessment Notices
No PE in India for Irish Aircraft Lessor – Lease Rentals Taxable Only in Ireland under DTAA
Deletion of additions u/s 68 was justified as assessee proved creditworthiness of lenders
No Addition u/s 68 If Loans Repaid Within Same Year: Gujarat HC
TDS on Common Area Maintenance Charges – Section 194I or 194C
On-Money or Not, Source Traced to Agricultural Land – ITAT Deletes Addition u/s 69A
Appeal of Deceased Assessee Dismissed, AO to Limit Recovery to Inherited Assets
Notice u/s 148A by Jurisdictional AO instead of Faceless Held Invalid
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.
