Income Tax
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Karnataka HC Quashes Notional Rent Tax on Building Without Occupancy Certificate
ITAT Mumbai Sets Aside ALV Addition on Unsold Flats Held as Stock-in-Trade
ITAT Mumbai Deletes Deemed Rent on Unsold Flats Held as Stock-in-Trade
ITAT Upholds Consumer Electricity Rate for Section 80IA Captive Power Valuation
ITAT Kolkata Upholds Internal CUP for Captive Power Under Section 80-IA
ITAT Rajkot Quashes Reassessment for Unsigned Section 151 Approval
ITAT Mumbai Deletes Section 69A Addition Based on Uncorroborated WhatsApp Chat Evidence
ITAT Ahmedabad Deletes On-Money Addition Based Solely on Third-Party WhatsApp Chat
ITAT Chennai Condones 1592-Day Delay, Grants BSNL VRS Exemption under Section 10(10B)
ITO Reference Triggers Section 271D Penalty Limitation: Karnataka HC
Claim Income Tax Refund for Unfiled ITR: Section 119(2)(b)
Bangalore ITAT Sets Aside 8% Profit Estimate on ₹30-Crore Bullion Turnover
Recharge Value Is Not Distributor’s Turnover: Penalty of ₹1.50 Lakh u/s 271B Deleted
Same Question Twice Cannot Create Two Defaults: Penalty u/s 272A(1)(d) Cut by Half
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.
