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 Bangalore Deletes Sec 69A Addition on Demonetisation Cash Deposits Explained by Earlier Withdrawals
Sec 68 Addition on Opening Loans Deleted; Interest & Salary Allowed – ITAT Bangalore
Sec 271(1)(b) Penalty Deleted as Assessee Later Complied; Nil Income Accepted – ITAT Bangalore
Sec 44AD: Cash Deposits Within Turnover Not Unexplained; ITAT Deletes Additions Based Only on Survey Statement
Depreciation disallowed as creation of goodwill in intra-group merger was colourable transaction
Draft Income Tax Rules 276 and 277 – Reporting by Eligible Investment Funds under Section 9(12) and Taxable Interest on Excess PF Contributions
Draft Income Tax Rule 275 – Approval of the investment fund at its option for the purposes of section 9(12)
Reassessment Notice to Deceased Person Invalid Because Law Requires Notice to Legal Heirs
ITAT Remands Case Because CIT(A) Ignored Additional Evidence Filed by Assessee
Draft Income Tax Rule 274 – Guidelines for investment fund for availing benefit under section 9(12) read with Schedule I
Draft Income Tax Rule 273 – Deduction in respect of expenditure on acquisition of distribution rights of feature films
Draft Income Tax Rule 272 – Deduction in respect of expenditure on production of feature films
Draft Income Tax Rule 271 – Income from manufacture of rubber, coffee and tea
Section 80G Deduction on CSR Donation Allowed Because Explanation to Section 37 Does Not Apply
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.
