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 Hyderabad: Section 115BAA Benefit Cannot Be Denied on Technicalities; MAT Not Applicable Once Option Validly Exercised
Off-the-Shelf Software Not ‘Royalty’: SC Ruling Still Shapes Cross-Border Deals
Importance of 30th April for TDS on payment to Partners
Charitable Trust as Pass-Through Entity: ITAT Deletes Interest Disallowance Rejects 8% Profit Estimation
Security Deposits from Contractors Not Cash Credits: ITAT Upholds Deletion of ₹22.61 Cr Addition
Reopening Quashed – Incorrect Facts Cannot Extend Limitation Beyond 3 Years
No Incriminating Material, No Addition: Bombay HC Dismisses Revenue Appeals in Search Cases
Final Tax Order Set Aside Due to Failure to Issue Draft Assessment in International Transaction Case
No Fresh Evidence? Telangana HC Invalidates Reopening of Completed Tax Assessment
12.5% Profit on Bank Credits Excessive, Restricted to 4%: ITAT Hyderabad
ITAT Allows 80P Deduction as Interest Earned from Co-Op Banks Treated as Eligible Income
ITAT Allows Advertisement and Marketing Expenses Due to Revenue Nature Despite No Income
Delhi HC Allowed Compensation as Revenue Expense Due to Commercial Expediency
On-Money Payment Addition Quashed as Excel Sheet & Third-Party Statements Found Unreliable
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.
