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.
Books rejection upheld, but 8% profit estimate cut down to 2%
Lease Rent from Agricultural Land Must Be Properly Verified: ITAT
Interest Follows Purpose, Not Label: ITAT on Section 57(iii) Deduction
ITAT Rejects Revenue’s Addition Based Only on Third-Party Statement
Search Return Can Reduce Income; U/s 69A Fails & CSR Eligible U/s 80G
Interest Under Section 234A Not Levyable After Full Tax Payment Before Filing
Section 148 Notice Issued After Limitation Period Declared Invalid
Common Section 153D approval makes all search assessments void ab initio
Visa & Foreign Travel Paid by Sons Allowed as Business Expense; ITAT Grants Relief Despite Minor Delay
Vivad Se Vishwas Misapplication Corrected in 1592-Day U/s 263 Appeals
Section 50C Addition Set Aside Because AO Failed to Obtain Proper Property Valuation
No Penalty on Wife When Foreign Investment Already Disclosed by Husband: Bombay HC
Mere mention of foreign studies cannot block Section 80G registration: ITAT Mumbai
Assessment Set Aside as AO Incorrectly Applied Section 44AD to Transport Income
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.
