Income Tax
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Special provisions for computing profits and gains under Income Tax Act, 1961
Sale of 25 Plots Not Business Income Due to Long-Term Investment Intent: ITAT Bangalore
Section 54 Exemption Cannot Be Denied Due to Joint Ownership With Spouse: ITAT Chandigarh
ITAT Orders Recalculation of Section 270A Penalty Due to Wrong Under-Reported Income Computation
ITAT Deletes Penalty Since Section 68 Addition Was Mostly Deleted: ITAT Delhi
ITAT Mumbai Allows Section 54 Deduction as Allotment Letter & Payment Were Sufficient
ITAT Quashes Assessment for Failure to Follow Section 148 Procedure on Third-Party Seized Documents
ITAT Delhi Remands TDS Demand Case Due to Inoperative PAN & Lack of System Alerts
Occupancy Certificate Not Starting Point for Indexation: Bangalore ITAT Allows Benefit From Actual Use Date
Delhi ITAT Deletes Penny Stock Addition Over Lack of Inquiry & Cross-Examination
Section 271D Penalty Cannot Survive After Reassessment Itself is Quashed: Mumbai ITAT
Entire Time-Share Membership Fee Cannot Be Taxed in Year of Receipt: Madras HC
ITAT Quashes Reassessment over Incorrect PAN & for Non-Consideration of Reply
Wholesale & Retail Markets Cannot Be Treated Alike for TP Benchmarking: 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.
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.
