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.
New Tax Regime Benefit Allowed as Form 10IE Once Filed Continues for Subsequent Years
Site Restoration Deduction Allowed due to PSC contractual obligation
No Section 270A Penalty as Education Cess Claim Was Based on Prevailing Judicial Precedents
Section 68 Addition Deleted as Assessee Proved Identity, Creditworthiness & Genuineness
Structural Improvements Qualify as Construction for Section 54F Deduction: ITAT Bangalore
Site Restoration Deduction Allowed as It Was a Mandatory Contractual Obligation
Delay in Income Tax Appeal Condoned as Jail Custody Prevented E-Filing
Section 68 Addition Deleted as Earlier Accepted Shares Can’t Be Held Bogus: ITAT Kolkata
Loan to Non-Shareholder Company Not Taxable as Deemed Dividend
ITAT Restores Appeal After Accepting Speed Post Envelope as Proof of Timely Order Receipt
Reassessment Order Passed Beyond Section 153 Limitation was Time-Barred: Chhattisgarh HC
Registration as Income Tax Practitioner Requires One-Year Practice: Madras HC
ITAT Quashes Section 143(1) Order for Failure to Issue Mandatory Prior Intimation
ITAT Deletes On-Money Addition as Unsigned Agreement & Third-Party Records Lacked Evidence
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.
