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.
Rule 46A Violation — Matter Remanded to CIT(A) as Additional Evidence Accepted without Giving AO Opportunity
Assessment Order Quashed due to Invalid Service U/s 282 & Limitation
Repaid Advance via Banking Channel Not Cash Credit: ITAT Kolkata
Penalty U/s 271AAB Modified — 30% Applicable Where Income Declared in Return Search Questions Not Properly Asked: ITAT Kolkata
ITAT Mumbai Sets Aside 12AB Rejection as Trust Initiated Amendment of Overseas Fund Clause
ITAT Pune Allows Section 54B Exemption Despite Delay in Registration of Agricultural Land
Commission income earned by Booking.com not taxable in India
Securitisation trust are revocable within meaning of section 63 of Income Tax Act
Disallowance u/s. 14A read with rule 8D cannot exceed exempt income
Denial of Section 11 Exemption Does Not Permit Taxation of Gross Receipts: ITAT Mumbai
Court Must Inform Income Tax Dept of Large Cash Claims, But Cannot Compel PAN Disclosure
Foreign Tax Credit Demand cannot sustain without lawful service of Intimation: Bombay HC
ITAT Allows Earlier Indexation Year Because Possession & Payment Occurred Before Registration
ITAT Allows 12AB Registration as CIT Exceeded Scope by Questioning Donor Creditworthiness
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.
