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.

Section 50C Addition Upheld as Seized Cash Confirmed On-Money Receipt

Rectification of Mistake Under Section 154: A Comprehensive Guide

Fees & Penalty for late / Non filing of TDS Return

Income Tax on Short Term Capital Gain with examples

ITAT Condones 311-Day Delay & Remands Reassessment Due to Need for Fresh Evidence

Indexed Cost of Construction Must Be Allowed as Building Details Were Part of Sale Deed: ITAT Chennai

Kerala HC Sets Aside ITAT Order as Section 153D Approval Was Not Specifically Examined

Bombay HC Upholds 0.5% Corporate Guarantee Fee; No Section 40(a)(ia) Disallowance for Short TDS Deduction

Income Tax & FEMA provisions applicable to Non Residents

Karnataka HC Condones Delay as KCS Act Section 57(2A) Taxability Issue Remained Pending for 10 Years

Reopening Upheld as Seized Diaries Revealed Unaccounted Cash Transactions Above Statutory Threshold

Reassessment Quashed Because Section 148 Notice Was Based on Unfounded Reasons

Presumptive taxation- Section 44AD, 44ADA, 44AEAC

Comprehensive understanding of Impact of Non-Filing of Income Tax Returns
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.
