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.

Demonetisation Cash Deposits Not Unexplained if Backed by Regular Cash Sales Ahmedabad ITAT

ITAT Condones Delay in Section 270A Penalty Appeal, Orders Joint Hearing With Quantum Appeal

Only Profit on Business Bank Deposits Taxable, Not Entire Credits: ITAT Bangalore

Private Specific Trust with Sole Beneficiary Entitled to Individual Slab Rates: Jaipur ITAT

Section 43CA Inapplicable to Pre-Enactment Sale Agreements: Jaipur ITAT

Will UPI Transactions Be Charged? Government Clarifies After Lok Sabha Passes Bill

CAM, Electricity and Water Charges Are Rent Under Section 194-I: Mumbai ITAT

ITAT Varanasi Remands Agricultural Land Taxability Under Section 2(14)

Mumbai ITAT: LTCG Exemption on Greencrest Shares Allowed; Investigation Report Alone Insufficient

Exempt Dividend Cannot Be Taxed Due to Wrong ITR Schedule Reporting: Mumbai ITAT

Mere Same-Year Loan Repayment Does Not Establish Genuineness: ITAT Mumbai

Delhi ITAT: U/s 12AB & 80G Rejection Set Aside for Failure to Examine Objects and Genuineness

No Section 271B Penalty if Tax Audit Delay Was Due to Court-Monitored Management Disputes: ITAT Delhi

Delhi ITAT: No Re-Characterisation of Charitable Status Without Change in Objects
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.
