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.
TDS Credit Can’t Be Denied Merely Because It Appears in Sister Concern’s 26AS: ITAT Delhi
Only Legitimate Tax Can Be Collected; ITAT Restores BBC Distribution Fee Royalty Taxability Issue
Refund of Earlier Advance Can’t Be Taxed as Accommodation Entry U/s 68: ITAT Delhi
No Penalty Where Return Filed After Probate Grant and Income Fully Disclosed in Form 26AS
No TDS on Foreign Agent Commission for Services Rendered Abroad; ITAT Deletes Section 40(a)(i) Disallowance
No Section 43B Disallowance as Service Tax Not Claimed in P&L: ITAT Dehradun
No Adhoc Disallowance of Commission on Assumptions Without Specific Defects: ITAT Delhi
Foreign Tax Credit Cannot Be Denied for Partial Overseas Return Filing: ITAT Mumbai
Search on Third Party Cannot Extend Reassessment Time Without Assessee Link: SC
Captive Power Valuation Must Include Electricity Duty for 80-IA Deduction: Calcutta HC
Cash Deposits from Tractor Sales Can’t Be Taxed as Unexplained Income: ITAT Ahmedabad
Bogus Purchase Addition Remanded as Fresh Evidence Warrants Verification: ITAT Surat
No Capital Gains Tax on Void Sale Deed Executed Through Forged POA: ITAT Ahmedabad
Commission Agent Not Eligible for TDS Credit on Farmers’ Income: ITAT Ahmedabad
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.
