Income Tax
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ITAT Mumbai Quashed Reassessment Due to Wrong Assessment Year in Recorded Reasons
SC Set Aside Reassessment Notice Due to Non-Disclosure of Material Facts by Revenue
No Capital Gains Tax on Sale of Agricultural Land Beyond Municipal Limits: ITAT Ahmedabad
Section 80P Deduction Allowed on FDR Interest Due to Investment with Cooperative Banks
Section 153C Invalid Without Separate Satisfaction for Each Year: ITAT Delhi
Tax-Loss Harvesting: Make Your Losses Work for You
Income-Tax Rule 128 Amended to Exclude Pre-2017 Investments from Anti-Abuse Provisions
CBDT Amends Rule 10U to Protect Pre-2017 Investments from GAAR Applicability
Section 148 notice issued beyond statutory six-year limitation period is invalid: Bombay HC
Section 87A Rebate & Agricultural Income: Resolving Statutory Conflict Before Utilities Do It for Us
Section 50C Not Applicable to Stock-in-Trade? ITAT Remands for Fresh Verification
Reassessment Notice for AY 2015-16 Quashed as Time-Barred Due to Post-1st April 2021 Issuance
Time-Barred Assessment Order – ITAT Bangalore Strikes Down TP Addition
Section 10(46A) Tax Exemption Granted to Rajasthan Electricity Regulatory Commission
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.
