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.
Set-Off of Capital Loss Beyond 8 Years Denied; 50% Deduction on Interest Allowed: ITAT Panaji
Royalty on Logo Allowed; Disallowance Without Examining Business Purpose Invalid: ITAT Delhi
ITAT Surat Deleted Interest Disallowance as Loans Given from Interest-Free Funds
SROs Qualify as Charitable Entities under General Public Utility: Section 2(15) – ITAT Delhi
GST Not Income Under Section 44B; Statutory Levy Excluded from Presumptive Taxation
Draft Assessment Order Cannot Create Tax Liability Without Final Order: Calcutta HC
Section 68 Addition Deleted as Identity & Creditworthiness of Investors Proved
Section 54 Exemption Allowed as Possession Taken Despite Unregistered Agreement
ITAT Sets Aside 30% Tax on AOP Income as Income was Below Threshold
Garnishee Proceedings Stayed; Consider Assessee Representation Before Recovery: Madras HC
Mutuality upheld, but bank interest taxed: ITAT sends club case back
No additions on account of consultancy receipts and alleged unexplained investments
Section 68 Addition Deleted Due to Absence of Incriminating Material in Search Assessment
Invalid Jurisdiction Under Section 153C Due to Vague Satisfaction Note for Multiple Years
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.
