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.
Wrong Section, Wrong Valuation – ITAT Quashes Capital Gains Assessment
Charity ≠ Commerce – ITAT Grants U/s 12AB Registration to Trust Despite Sales Activity
Ex-Gratia from BSNL VRS is Non-Taxable Due to Retrenchment Compensation Status: ITAT Pune
Power Agent Cannot Be Taxed Fully- ITAT Restricts Addition to 50%
80P Deduction Denied Due to Late Filing of Return: HC Directs to seek Condonation
ITAT Chennai Deletes ₹20L Addition – Survey Statement Alone Not Enough
Section 68 Addition Deleted Due to Double Taxation of Recorded Sales Receipts
Section 68 Addition Deleted Due to Explained Cash Sales in Books
Addition Sustained Due to Unexplained Cash Shortage but Deleted for Proven Advances
Cash Deposits Cannot Be Treated as Unexplained When Books of Account Are Accepted
Section 68 Addition Deleted Due to Explained Business Receipts in Books of Accounts
Cash Deposits Not Unexplained Due to Proven Sale Consideration: ITAT Deletes Addition
Taxation of Life Insurance Policies under Income Tax Act, 1961
Virtual Digital Assets (VDAs) under Income-tax Act, 1961
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.
