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.
ITAT Accepts Section 158A Claim as Identical Question of Law Was Pending Before HC
Madras HC Dismisses Tax Appeals as Infructuous After Tribunal Disposed Main Appeals
ITAT Deletes Bogus Purchase Addition as Sole Reliance on Retracted Statement Unsustainable
List of ICDS and its reconciliations with Accounting Standards
No disallowance of quantified liabilities, documented payments & reconciled books on a purely ad hoc basis
Various Income Tax exemptions available against Capital Gains
Section 68 Addition Deleted as Creditworthiness Depends on Ability to Arrange Funds
CIT(A) Cannot Dismiss Appeal Ex Parte Without Deciding Interest Dispute on Merits
ITAT Restores Appeal After 1542-Day Delay as Notice was Sent to Former Tax Consultant
Section 80P Deduction Cannot Be Denied for Wrong ITR Column Selection: ITAT Nagpur
Section 148A(b) Notice Invalid if Mandatory 7-Day Reply Period Was Not Granted
ITAT Deletes Capital Gain as Rural Agricultural Land Is Not a Capital Asset
‘Make Available’ Test Not Met, No TDS on US Software Contractor Payments: ITAT Bangalore
Section 54 Exemption Available for Every House Sold: Bengaluru ITAT
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.
