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.
Bangalore ITAT Bars Additions in Unabated 153A Cases Without Incriminating Material
ITR-1 & ITR-4: Income, Assets and Transactions That Can Never Be Reported
Delhi ITAT Quashes ₹20.56 Lakh Penalty Due to Vague Notice Under Section 270A
ITAT Allows Bad Debt Claim as Advances Were Given in Ordinary Course of Financing Business
Indexed Factory Building Cost Allowed Despite ‘Vacant Land’ Deed; Stamp Duty Value Can’t Inflate Tax
87A Rebate Allowed on STCG u/s 111A, CPC Denial Quashed: Bangalore ITAT
Reassessment Notices Quashed as ITBA Portal Dispatch Happened After Limitation Deadline
Section 87A Rebate not Allowed on LTCG under section 112: Bangalore ITAT
P&H HC Refuses to Quash Section 148 Notice as Reassessment Proceedings Were Still Pending
ITAT Restricts Demonetization Cash Deposit Addition to Rs.1 Lakh Because Earlier Withdrawals Were Ignored
No Section 68 Addition on Demonetisation Cash Deposits Supported by Business Receipts: ITAT Delhi
Bangalore ITAT Deletes Ad-Hoc Transport Expense Disallowance: AO Can’t Expect Perfect Vouchers for Highway Expenses
ITAT Excludes Manufacturing Companies as Comparables as Assessee Was Predominantly a Trader
ITAT Sets Aside Ex Parte Assessment as E-Filed Responses Were Ignored by AO
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.
