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 Grants TDS Credit Despite Employer’s Failure to Deposit Tax with Government
ITAT Deletes Section 270A Penalty as Estimated Addition Cannot Justify Penalty
ITAT Deletes Bogus Purchase Addition as AO Failed to Disprove Documentary Evidence
FAQs on Prosecution provision under Income Tax Act, 1961
CCDs Are Debt Until Conversion, ITAT allows Interest Deduction Despite RBI FDI Classification
Medical Reimbursement Up to ₹15,000 Not Subject to FBT: Madras HC
Revenue Appeal Rejected as Section 80IB Deduction Made Additions Revenue Neutral: Gujarat HC
ITAT Denies Section 80P Deduction as Return Was Not Filed Within Section 139(1) Due Date
Accommodation Entry Allegation Rejected as Entire Loan Was Repaid With Interest
Section 69C Addition Deleted as Diary Entries Alone cannot Prove Unexplained Expenditure
Bombay HC Revives Income Tax Appeal as SC Remanded Section 151A Cases
Estimated Section 14A Disallowance Could Not Be Added to Book Profits
Family Cash Transactions Cannot Attract Sections 271D & 271E Penalty: ITAT Rajkot
ITAT Deletes Unexplained Investment Addition as Investments Were Already in Balance Sheet
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.
