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.
GSTR-2A Is Strong Evidence; Purchases Can’t Be Rejected Without Verification: Chennai ITAT
Chennai ITAT Deletes ₹76.45 Lakh Addition; Revenue Can’t Rely on Suspicion Once Source Is Proved
Chennai ITAT Quashes AIR-Based Reassessment; Cash Deposits Must Be Examined with Business Turnover
Lucknow ITAT Deletes ₹1.31 Crore Cash Deposit Addition; Bank Mitra Not Taxable on Customers’ Deposits
CBDT Notifies Chhattisgarh RERA for Schedule III Section 11 Exemption
CBDT Notifies Chhattisgarh RERA for Section 10(46) Income Tax Exemption
CBDT Notifies Maharashtra Fees Regulating Authority for Section 10(46) Income Tax Exemption
Section 263 Limitation Runs from Original Assessment, Not Reassessment: ITAT Delhi
ITAT Pune Allows Section 80P(2)(d) Deduction on Cooperative Bank Interest
Gujarat HC Quashes Section 148 Reopening, Applies IBC Clean Slate Principle
Wealth Tax Return Disclosure Does Not Bar Section 148 Reassessment: Gujarat HC
Gujarat HC Grants Section 12AB Registration Despite Member-Related Incidental Objects
ITAT Restricts Estimated Commission on Cheque Discounting to 0.35 Percent
CBDT Circular Non-Compliance Does Not Invalidate Section 143(2) Notice: ITAT Delhi
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.
