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.
NBFC Fixed Deposits Cannot, by Themselves, Defeat a Trust’s 12AB Renewal: Delhi ITAT
Section 13(1)(d) Violation Cannot Deny Section 11 Exemption on Entire Income: ITAT Delhi
ITAT Delhi: Section 54 Claim Remanded for Verification After Builder Failed to Deliver Flat
Supplier’s Non-Filing of ITR Cannot Make Business Expenditure Bogus: ITAT Delhi
BSNL VRS Compensation Exemption u/s 10(10B) Allowed in Section 154 Appeals: ITAT Delhi
ITAT Mumbai Upholds Loan and Interest Relief; Remands Rule 8D Computation
BSNL VRS Compensation Exempt u/s 10(10B) as Retrenchment Compensation: ITAT Delhi
Share Sale Examined in Original Assessment: Reopening After Four Years Quashed
TDS Applies on Year-End Expense Provisions but Not Where Payees Are Unidentifiable: ITAT Bangalore
Passenger Service Fee Attracts TDS Under Section 194C, Not 194J: ITAT Delhi
Minimal Form 10B Delay During COVID Period Cannot Deny Section 11 Exemption: ITAT Mumbai
Partner’s ₹2,111.23 Crore Capital Contribution Not Taxable Under Section 56: ITAT Hyderabad
No Reassessment When 15-Month First-Year Income Already Offered to Tax: Madras HC
Section 80GGC Deduction Denied for Bogus Political Donation to Rashtriya Samajwadi Party: ITAT Mumbai
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.
