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.
No Reasonable Cause: ITAT Quashes Appeal Against Section 271B Audit Penalty
Demonetization Addition Cut from ₹78L to ₹7L; 115BBE Rate Applied Prospectively
Does Section 115BAA Override LTCG Rates? ITAT Ruling Explained
Tribunal Dismisses Revenue Appeal Over Time-Barred Reassessment
153C Collapses at First Gate: RTI Exposes Non-Recording of Satisfaction by AO of Searched Person
AO’s Reopening Under Section 147 Set Aside Over Incorrect Filing Claim
ITAT Limits Bogus Purchase Disallowance to 6%; Section 153C Jurisdiction Unresolved
Mere suspicion of fraud or lower GP cannot trigger Section 145(3) or 40A(2)(b) disallowances
Joint Ownership Doesn’t Bar Section 54F Deduction: ITAT Delhi
Recent Income Tax Changes Affecting Salaried Individuals, Professionals & Businesses
How India Taxes Cryptocurrency and NFTs: Complete VDA Tax Guide
What Happens If You File Your ITR Late? Complete Guide to Penalties & Interest
Revenue Appeal Dismissed: 143(2) Notice Mandatory for 148 Cases
Faceless Assessment in Income Tax: A Digital Shift That’s Changing the Game
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.
