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.
Ability to Pay vs Benefit Principle: Determining True Basis of Taxation in India
Reassessment After 31-03-2024 Time-Barred; First Proviso to Sec. 149(1) Prevails Over 148A – Proceedings Quashed by ITAT Bangalore
Provision for leave encashment on actuarial basis is allowable as deduction
Sec. 56(2)(x) Inapplicable to Conversion of Optionally Convertible Cumulative Redeemable Preference Shares into Equity Shares
ITAT Deletes Section 68 Addition as AO Relied Solely on Generalized Penny Stock Report
ITAT Restores Appeal After Wrongful Dismissal for Non-Payment of Advance Tax
ITAT Bangalore Quashes U/s 143(3) Assessment for Want of U/s 153C Jurisdiction
ITAT Bangalore Deletes Section 271D Penalty on Cash Sale Receipt
ITAT Bangalore Deletes Section 271FAA Penalty for SFT Delay
Second OGE Non-Est; Two U/s 143(3) r.w.s. 254 Orders for Same AY Invalid – Revenue Appeals Dismissed by ITAT Bangalore
Prosecution for Delayed Self-Assessment Tax Not Ground to Deny Vivad se Vishwas Relief
Agricultural Income: Exemption and Tax Treatment Explained
Tax Avoidance vs. Tax Evasion: Morality Line – From Legal Loopholes to Court of Public Opinion
Home, Abroad or Both? The Tax Implications of Residential Status in India
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.
