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 Allows Subsidiary Investment Write-Off as Business Loss as Investment Was Made for Commercial Expediency

ITAT Allows Full Tax Exemption on BSNL VRS Compensation as It Qualifies as Retrenchment Compensation

Section 2(22)(e) Addition Cannot Be Made on Non-Shareholder Entity: Calcutta HC

Reassessment Notice Upheld as Time Allowed for Reply Is Excluded While Computing Limitation: Delhi HC

Section 54F Deduction Allowable Despite Delayed Registration of Flat: ITAT Bangalore

ITAT Allows Carry Forward of Capital Loss Despite DTAA Exemption on Capital Gains

ITAT Deletes LTCG Addition as DVO cannot Reduce FMV Backed by Registered Valuer Report

ITAT Deletes Expense Disallowance as Revenue Failed to Prove Personal Use

ITAT Quashes Reassessment as Alleged Escaped Income Was Below ₹50 Lakh Threshold

Mere Investigation Wing Alert Is Not ‘Reason to Believe’: ITAT Quashes Penny Stock Reopening

How to Respond to an Income Tax Notice

How to Avoid Higher Circle Rate Addition When Property Registration Is Delayed

Section 87A & Section 156 Rebate: Why Tax May Still Be Payable Below ₹12 Lakh

IPL Franchise Fees, Celebrity Hospitality and Website Expenses allowed as Revenue Expenditure
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.
