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.
No TDS on compensation under a mediated land acquisition settlement: Karnataka HC
Bad Debts Written Off Cannot Be Disallowed as Prior Period Expenses: ITAT Mumbai
Capital Gains Cannot Become Business Income Merely Due to Borrowed Funds: ITAT Ahmedabad
Reassessment by JAO Invalid Due to Mandatory Faceless Assessment Procedure: Madras HC
AO Cannot Replace DCF Method With NAV Method for Share Valuation under Rule 11UA: ITAT Mumbai
Tax Planning while setting up of a business with reference to Nature of business
Interest on Bank Deposits Can Still Qualify for 80P Deduction- Bangalore ITAT Gives Relief to Credit Co-operative Society
Income From AOP Held Non-Taxable in Member’s Hands as It Was Share of Profit: SC
LTCG Benefit Allowed as Ownership Rights Passed Before Registration: ITAT Delhi
AO Cannot Override Assessee’s Section 36(1)(vii-a) Bad Debt Deduction Option: Madras HC
Concessional 22% Corporate Tax Rate Cannot Be Denied for Procedural Lapse: Rajasthan HC
DVO Valuation Alone Cannot Justify Section 69 Addition Without Extra Payment Proof: ITAT Amritsar
Reopening Quashed as It Was Based on Unverified PDF Complaint Found on Third Party’s Mobile Phone: Gujarat HC
Gujarat HC Quashed Section 148 Notice as Seized Material Had No Link With Assessee
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.
