Income Tax
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ITAT Jaipur Allows Section 87A Rebate on STCG under Section 111A for AY 2024-25
ITAT Mumbai Allows KPMG Unbilled Revenue Write-off for AY 2015-16
Actuarial Deficit Fund Contributions Fully Deductible: Calcutta High Court
ITAT Chennai Rejects Reopening of Concluded Goodwill Depreciation Issue in Subsequent Year
Old Credit Balances Cannot Be Taxed Under Section 68: ITAT Chennai
ITAT Rajkot Restricts Freight Disallowance and Upholds Relief on Loans, Gift and TDS
ITAT Nagpur Quashes Search Assessments for Invalid Section 153D Approval
Karnataka HC Holds Section 153C Mandatory for Search-Based Material in Regular Assessment
ITAT Pune Quashes Section 147 Reassessment Where Section 153C Applied to Search Information
Bombay HC Quashes Section 148 Notice Based on Search Material, Holds Section 153C Applicable
TPO Reference Mandatory for Arm’s Length Price Determination: ITAT Delhi
ITAT Bangalore Upholds Section 36(1)(iii) Disallowance on Interest-Free Subsidiary Loan
ITAT Delhi Quashes Income Tax Reassessment Notice Issued 3 Days Beyond Six-Year Limit
ITAT Delhi Directs Refund of Excess Dividend Distribution Tax Paid by Vedanta
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.
