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.
Bad Debt Deduction Allowed for NSEL-Related Irrecoverable Trading Dues: ITAT Ahmedabad
Set-Off of Brought Forward Business Loss Against Section 50 STCG Allowed: ITAT Ahmedabad
Bombay HC Directs CBDT to Decide Pending Section 119(2)(b) Application in 3 Months
8% Income Estimation on Bank Credits Upheld for Lack of Evidence: ITAT Hyderabad
Assessment Order Digitally Signed After Limitation Quashed: ITAT Delhi
Wrong PAN in Form 26QB Can’t Deny TDS Relief: ITAT Ahmedabad
Irrevocability Clause Absence Cannot Defeat Section 12AB Registration: Bombay HC
Loose Papers Without Supporting Evidence Cannot Sustain Brokerage Additions: ITAT Ahmedabad
No Penalty Under Interest Tax Act Where Returns Accepted Without Addition: Gujarat HC
Cash Deposits Already Offered Under Section 44AD Can’t Be Taxed Again Under Section 69A: ITAT Hyderabad
Write-Back of Unclaimed Loan Loss Provision Can’t Be Taxed Again: ITAT Mumbai
Salary Earned for Services Rendered in Australia Not Taxable in India: ITAT Delhi
648-Day Delay Condoned, Income Tax Appeal Restored to CIT(A): ITAT Bangalore
Carbon Credit Receipts Are Capital, Not Taxable Before AY 2017-18; Excluded from MAT: ITAT Delhi
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.
