Income Tax
Log in to FollowLatest Income Tax news, articles, notifications, circulars and case laws covering ITR, assessments, deductions, TDS, capital gains, tax audit, appeals and compliance.
Section 148 Notice Quashed for Lack of Tangible Material & Opinion Chnage: ITAT Chennai
Interest Disallowance Not Sustainable Where Own Funds Exceed Investments: ITAT Bangalore
Section 12AB Registration & 80G Approval Cannot Carry Conditional Caveat: ITAT Mumbai
HRA Exemption not Deniable When Employer Pays Rent & Recovers It from Employee: Gujarat HC
Payments to Insurance Aggregators Allowable as Business Expense: ITAT Mumbai
Cash Loans from Relatives Accepted After Proving Identity, Creditworthiness & Genuineness: ITAT Panaji
Section 194A TDS Deductible on Interest Earned on MACT Fixed Deposits: Kerala HC
Insurance Compensation Adjusted Against Fire Loss Cannot Be Taxed Again: ITAT Chennai
Double Taxation Relief on Bonus Provision Reversal; Brokerage Provision Allowed; Section 80G Deduction Upheld for CSR Donations: ITAT Mumbai
Wrong Accounting Head Cannot Defeat Genuine Business Expenditure Claim: ITAT Mumbai
Section 276C Prosecution Quashed After Section 271(1)(c) Penalty Deletion: Madras HC
Section 148 Notice Quashed for Absence of Section 150 Finding or Direction: ITAT Bangalore
ITAT Mumbai allowed Section 87A Rebate on Section 111A STCG
Capital Loss Carry Forward Cannot Be Denied for Inadvertent Schedule CFL Omission: ITAT Mumbai
Income Tax is TaxGuru’s extensive resource for developments under India’s direct tax laws. This category covers Income-tax provisions, rules, notifications, circulars, instructions, judicial decisions and practical compliance issues. Readers can explore articles and case laws on income-tax returns, assessments, reassessment, deductions, exemptions, capital gains, business income, TDS and TCS, tax audit, penalties, appeals, international taxation and other direct tax matters. The category also covers important CBDT announcements, tax deadlines, return filing developments and changes affecting individuals, businesses and other taxpayers. Chartered Accountants, advocates, tax professionals, companies and taxpayers can use this section to follow legislative, administrative and judicial developments and research important Income Tax issues and precedents.
