Income Tax
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ITAT Ahmedabad Allows Section 80P(2)(d) Deduction on Co-operative Bank Interest
₹2.15-Crore 69A Addition Restored; Ahmedabad ITAT Deletes 271AAC, Upholds ₹20,000 272A Penalty
Delhi HC Quashes Reassessment as Unsecured Loan Alone Cannot Show Escaped Income
SC Upholds Gujarat HC Decision Quashing Reopening Beyond Four Years
Gujarat HC Quashes Reopening Beyond Four Years Without Failure to Disclose Material Facts
ITAT Jaipur Quashes Section 271AAB Penalty for Defective Show Cause Notices
Rajasthan HC Rejects Section 68 Share Capital Addition Based Only on Suspicion & Doubt
ITAT Jaipur Deletes Section 271AAB Penalty on Undisclosed Income Findings
Ahmedabad ITAT Condoned 1,876-Day Delay in ₹2.01-Crore Exemption Claim
ITAT Pune allows Section 80P deduction on interest from cooperative and nationalised banks
ITAT Delhi deletes Section 270A penalty for failure to specify misreporting limb
ITAT Dehradun deletes Section 270A penalty for change in misreporting charge
Co-operative bank interest ineligible for Section 80P deduction: Karnataka HC
ITAT Bangalore Allows Section 80P Deduction for Nominal Member Credit and Bank Interest
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.
