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.
Leave Travel Allowance (LTA) exemption: What Every Taxpayer Should Know
ITAT Reduces Section 271(1)(b) Penalty by treating Multiple Notice Defaults as One
Section 54 Exemption Allowed as Investment Was Made Within 2 Years Despite No CGDS Deposit
ITAT Deletes Section 68 Addition Since Opening Loan Balances Cannot Be Taxed Again
Mere Acceptance of Political Donation Addition Doesn’t Justify Penalty
ITAT Allows Full ₹10.15 Lakh Leave Encashment Exemption: ₹25 Lakh CBDT Limit Held Applicable
ITAT Deletes Additions Based Solely on Third-Party Seized Tally Data
Loans via Banking Channels not Bogus Merely on ‘Shell Company’ Allegation
Wrong TAN in Typing Cannot Deny Genuine TDS Credit: ITAT Ahmedabad
No 271D Penalty Without Clear Finding of 269SS Violation: ITAT Deletes ₹1 Crore Penalty
ITAT Quashes ₹287 Crore Addition- Third Party Excel Sheets Alone Not Enough
Unregistered Sale Agreement Can Qualify for Section 54 Relief: Hyderabad ITAT
Ad-Hoc 10% Expense Disallowance Deleted: ITAT Says AO Cannot Make Additions on Pure Guesswork
Third-Party ERP Entries Alone Cannot Justify Section 69 Addition: ITAT Deletes Jewellery Purchase Addition
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.
