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.
Only Profit in Brokerage Receipts Taxable, Not Gross Amount: ITAT Hyderabad
Reopening Invalid Where Capital Gains Already Disclosed and Taxes Paid
Lal Dora Property to Be Valued as Agricultural/Residential for Section 50C
Bank Account Used as Conduit: Entire Credits Not Taxable; Only Commission Income Assessable
Presumptive Taxation under Section 44AD Shields Business Receipts from Separate Additions
Direct ITAT Appeal Rejected Due to Failure to Approach DRP
Unsecured Loans Examined in Earlier Assessments Cannot Be Re-added on Same Material
PF Contribution Paid Within Due Date Cannot Be Disallowed Merely Due to Typographical Error
Section 263 Order Set Aside Where Underlying Section 153C Assessment Itself Is Time-Barred
Reassessment Quashed for Sanction by Incompetent Authority
Cash Deposits of Vodafone Distributor Taxable on Estimated Basis @8%: ITAT Pune
Cash Deposits Explained in Books, Addition Deleted Without Rejection
Only Commission Income Taxable in Money Transfer Activity; Entire Cash Deposits Cannot Be Treated as Income
Long-Term Capital Loss on Group Share Sale Allowed: ITAT Mumbai Upholds ₹183 Cr LTCL
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.
