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 Plot, No Profit, Still Taxed :When AO Shoots the Wrong Person: Middleman Dragged into 56(2)(ix) Tax Trap
Income Tax Department Introduces ‘Response Viewed’ Feature in e-Filing Portal
BREAKING: Gujarat HC Orders CBDT to Ensure 1-Month Gap Between ITR & Tax Audit Dates
Processed ITR, Yet a Notice? Section 87A Rebate Twist Explained
Section 234B Interest on 115BBE Income for Senior Citizens
Bogus Share Capital: Reassessment Quashed for Lack of Independent Mind Application by AO
ITAT Deletes ₹5.73 Crore Section 68 Addition for Proved Loan Genuineness
Section 69A Addition Invalid When Based Only on undated Third-Party Loose Papers
ITAT Jaipur Allows Higher Leave Encashment Exemption of ₹25 Lakh with Retrospective Effect
Exemption u/s 11 allowed & Penalty u/s 270A deleted – Registration u/s 12AA granted with retrospective effect
ITAT Ahmedabad deletes ₹8.80 Cr penalty u/s 271G – Mere “improper benchmarking” is NOT a default under 92D(3)
Procedural Justice: ITAT Restores Appeal Dismissed for Missing Statement of Facts, Mandates Merits Adjudication
Unexplained expenditure addition based on suspicion without independent enquiry cannot be sustained
Interconnect usage and roaming charges paid to FTO are not royalty hence not taxable in India
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.
