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.
Unrealized MTM Loss on Benchmark Linked Debentures Allowed as Deductible Expense
No Section 263 Revision When Two Views Possible on Section 28 Interest on Enhanced Compensation
Bombay HC Stays Section 270A Penalty as Prima Facie Deduction Was Claimed Under Prevailing Law
Bogus Purchase Addition Quashed as GST Records Proved Genuineness: ITAT Lucknow
Unsecured Loan Addition U/s 68 Deleted; Banking Repayment & Identity Proved, No Need to Prove Source of Source – ITAT Ahmedabad
ITAT Ahmedabad Denies Section 270AA Immunity Due to Failure to File Form 68
Draft Income Tax Rule 38 – Conditions for Notification of Agricultural Extension Projects under section 47(1)(a) of the Act
Draft Income Tax Rule 37 – Guidelines for approval of Agricultural Extension Project under section 47(1)(a) of the Act
Draft Income Tax Rule 36 – Guidelines for Notification of Affordable Housing Projects under Section 46(11)(d)(vii) and Semiconductor Wafer Fabrication Units under Section 46(11)(d)(xiii)
Draft Income Tax Rule 35 – Prescribed Authority, Procedure & Conditions for Approval under Section 45(3)(b)
Draft Income Tax Rule 34 – Conditions for Grant of Approval to Universities, Colleges & Institutions under Sections 45(4) read with 45(3)(a)
Draft Income Tax Rule 33 – Conditions for Grant of Approval to Research Associations under Sections 45(4) read with 45(3)(a)
Draft Income Tax Rule 32 – Guidelines, Form & Procedure for Approval under Sections 45(4) read with 45(3)(a)
FMV of flat received on surrender of tenancy right will be cost of acquisition
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.
