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.
Negative Cash Balance Alone Cannot Be Treated as Undisclosed Income: ITAT Delhi
Allowances / Exemptions Under Income Tax Act, 1961
Accrued Business Liability Deductible Despite Future Payment: ITAT Mumbai
TDS- Section 194IA Payment on transfer of immovable property
Section 271(1)(c) Penalty Unsustainable When Section 148 Returned Income Accepted Without Addition: ITAT Chennai
Abandoned Project Expenses & Lease Rent Allowable as Revenue Expenditure: ITAT Delhi
Section 153C Limitation Begins from Receipt of Seized Material by JAO: ITAT Delhi
Returned Income Must Be Accepted When Fresh Assessment After ITAT Remand Is Time-Barred: Bombay HC
Bombay HC Deletes Penalty as Bogus Purchase Addition Was Based on Estimation
Sale Deed Alone Cannot Justify Tax Addition as It Is Not Incriminating Material: ITAT Delhi
Gold & Silver rates as on 01.04.1981 & From 31.03.2008 to 31.03.2026
Profit Already Disclosed & Taxed Cannot Be Added Again as Undisclosed Income: ITAT Delhi
Section 12A Registration Cannot Be Denied for Absence of Irrevocability Clause: ITAT Delhi
Cost-to-Cost Overseas Reimbursements Without Profit Element Not Taxable as FTS: 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.
