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.

Foreign Tax Credit – Forms 44 & 45 (Former Form 67)

Jodhpur ITAT: Provisional U/s 12A/80G Cancellation Requires Specific Notice and Hearing

Jaipur ITAT: Reassessment Quashing Attains Finality After SC Dismisses Revenue’s SLP

Jodhpur ITAT: Section 10(23C)(iiiab) Exemption Denied as Grants Were Only 36.47%

Jodhpur ITAT: NSEL Bad Debt Write-Off Allowable Despite Future Recovery

E-Verification Scheme, Section 260 of Income Tax Act, 2025 & AIS

Hyderabad ITAT: Section 80P Deduction Allowed After Delay Condoned u/s 119(2)(b)

Jodhpur ITAT: Penny Stock LTCG Cannot Be Treated as Bogus Without Linking Evidence

Master File & Country-by-Country Report (CbCR): Forms 56, 57, 58, 59 & 60

Safe Harbour Application – Form 49 (Replaces Forms 3CEFA, 3CEFB & 3CEFC)

Bombay HC: Bogus Purchases Alone Cannot Trigger Section 69C; ₹104.99 Crore Addition Deleted

ITAT Delhi: Foreign Life Policy Not Undisclosed Asset; Maturity Proceeds Exempt

Hyderabad ITAT: Only 16% of ₹40.93 Crore On-Money Receipts Taxable

ITAT Remands ₹2.15 Crore On-Money Addition Pending Developer’s Appeal Findings
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.
