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.
Bangalore ITAT Quashes Section 263 Order: No Revision Possible When Alleged Expenditure Was Never Claimed
Mumbai ITAT: Reassessment Must Tax Real Income, Not Duplicate Salary Entries; CCM Addition Deleted for Want of Evidence
Interest Disallowance Deleted as Own Funds Exceeded Advances: ITAT Pune
Daily Backup Dilemma: Decoding “Electronic Mode” vs. “Computer System” under Income Tax Act 2025.
Restricted Stock Units Taxation in India: Foreign Tax Credit, Form 67 & Reporting
Bombay HC Quashes Reassessment as Broken Period Interest Deduction Was Already Settled by SC
ITAT Remands 12AB & 80G Applications as CIT(E) Orders Lacked Clarity on Compliance
Interest on Bank Deposits Eligible for Section 80P: ITAT Pune
ITAT Sustains 50% Disallowance as Taxpayer Failed to Prove Business Utility of Consultancy Fees
Petrol Pump Cash Turnover During Demonetisation Cannot Be Ignored: ITAT Dehradun
Communication Gaps in Virtual Hearings: ITAT Condoned 2580-Day Delay
ITAT Deletes Additions as AO Ignored Income From Sale of Amway Products
ITAT Upholds Bogus Loan Addition Deletion Due to Prior Disclosure by Borrower
Mumbai ITAT Quashes Section 263 Revision: AO’s 25% Bogus Purchase Addition Held to Be a Possible View
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.
