Income Tax
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Karnataka HC Allows Section 54F Exemption Despite Incomplete Construction

ITAT Panaji Allows Section 54 Deduction Despite Delayed Occupancy Certificate

ITAT Deletes Section 56(2)(x) Addition as DVO Value Difference Was 4%

ITAT Mumbai Allows 10% Tolerance Band for Property Stamp Duty Difference

ITAT Mumbai Deletes Section 56(2)(x) Property Addition Within 10% Tolerance Limit

ITAT Allows 10% Safe Harbour Retrospectively Under Section 56(2)(x)

Amritsar ITAT: Schooling Is Charitable, Restores Section 12AB Application for Fresh Consideration

Amritsar ITAT: Section 12AB Rejection Requires Rebuttal Opportunity; Medical Facility Is Charitable Activity

Income Tax Form Nos. 97 and 98 (Erstwhile Form Nos. 60N and 61N)

Income Tax Form Nos. 93 and 94 (Erstwhile Form No. 49A)

Income Tax Form Nos. 95 and 96 (Erstwhile Form No. 49AA)

Income Tax Form Nos. 134 and 135 (Erstwhile Form No. 49B)

Where Two Tax Views Are Possible: Five Limits on Assessee-Favouring Rule

Is F&O Profit Covered by Presumptive Taxation – and What Exactly Is “Turnover” for F&O?
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.
