Income Tax
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Section 271(1)(c) Penalty Quashed as No Satisfaction Recorded for PF Disallowance: ITAT Delhi
Late Tax Audit Report Filing Mere Technical Breach, Section 271B Penalty Deleted: ITAT Chennai
Expatriate Salary Paid by HO Allowed as Business Deduction Under DTAA: ITAT Mumbai
Reassessment Quashed for Invalid Section 151 Sanction by Incompetent Authority: ITAT Mumbai
Search-Based Information Cannot Be Used for Section 147 Reassessment: ITAT Mumbai
No DAPE Where Indian AE is at Arm’s Length: Bangalore ITAT
Reassessment Beyond Three Years Quashed as Escaped Income Was Below ₹50 Lakh: ITAT Hyderabad
ITAT Chennai Deletes Addition Based Solely on Third-Party Statement in Reopened Assessment
Missed Deadline, Lost Income Tax Refund: Is Government Profiting from Taxpayers’ Mistakes?
25 Important Income Tax Return Filing Checklist Points for Taxpayers
Section 12AA Registration Cannot Be Cancelled on Mere Capitation Fee Allegations: ITAT Chennai
No Reassessment Addition Without Addition on Recorded Reason: ITAT Surat
Hub Expenses and Broken Period Interest Allowed: ITAT Mumbai
Genuine Business Purchases Cannot Be Disallowed Over Contract Expiry: 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.
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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.
