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.
Why Non-Resident Aliens Must File Form 1040-NR for U.S. Income Reporting
Bangalore ITAT: No 40A(3) Disallowance on Mere Assumptions- Profit Estimation Without Rejecting Books Quashed
Section 115BAA, Income Tax Act, 1961
Share Buyback Taxation Comes Full Circle with Return to Capital Gains Model
TDS not deductible on National Highway Land Acquisition Compensation: Bombay HC
Can I Claim HRA and Home Loan Benefits at the Same Time? My CA Said Yes, My Colleague Said No
Changed Jobs Mid-Year? How to File ITR with Two Form 16s
No Addition for Notional Interest Based Solely on Seized Working Sheet: ITAT Mumba
Bogus Supplier Tag Alone Not Enough: ITAT Deletes Purchase and Loan Additions
Penny Stock Allegation fails without direct evidence: ITAT deletes addition on Exempt LTCG
For TP comparability, functional similarity and scale of operations were crucial; inclusion of low-turnover comparable was set aside
ITAT remits purchase addition issue to AO, confirmed 50% disallowance of unsubstantiated labour charges
Pune ITAT Deletes Addition on Cash Deposits as Scrap Business Was Accepted in Other Years
Section 68 Applies Even to Real Estate Customer Advances: Pune ITAT remand case
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.
