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.
TCS Cannot Be Collected on Illegal Mining Compounding Fees: Chhattisgarh HC
ITAT Deletes Section 35(2AB) Disallowance as AO Cannot Override DSIR Approval
Land Acquisition Compensation Cannot Be Subjected to TDS as It Arises From Compulsory Acquisition
ITAT Delhi Quashes Reassessment as Reopening Was Based Only on Audit Objection
Delhi HC Declines to Entertain Writ Due to Lack of Territorial Jurisdiction in DSIR Tax Benefit Dispute
Calcutta HC Denies Section 12AB Exemption as Microfinance Activities Had Commercial Elements
Commonly observed AIS mismatches that can Trigger Income Tax Notice
Telangana HC Rejects Writ Against Income Tax Intimation Due to Delay, Directs Assessee to Approach ITAT
Political Donations under Section 80GGC: Legal Challenges & Strategies
Reassessment Quashed as AO Used Section 147 Instead of Mandatory Section 153C
ITAT Deletes Section 68 Addition as Customer Advances Were Regular Business Receipts
Section 263 Proceedings Quashed as AO’s Order Was Not Erroneous in Jewellery Case
ITAT Quashes Section 270A Penalty as AO Failed to Specify Exact Clause
Penalty for Unsecured Loans Not Automatic Merely for Section 68 Addition: ITAT Bangalore
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.
