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.
Property Deal Mismatch? How Section 50C and 56(2)(x) Can Create Phantom Income
Residential Status and Taxability Under Indian Income Tax Law
ITAT Deletes Addition as Booked Flats Without Enforceable Agreements Cannot Trigger PCM Revenue
Bombay HC Condones 11-Day Delay in Filing Form 10-IC Due to Genuine Hardship
Section 263 Revision Quashed as Safe Harbour Rule of 10% Held Retrospective: ITAT Raipur
Telangana HC Dismisses Writ as Section 139(8A) Bars Updated Return During Pending Assessment
SC Dismisses SLP as Reassessment Lacked Approval from Correct Specified Authority
Reassessment Invalid as Approval Taken from Wrong Authority Beyond Three-Year Limit: Delhi HC
SC Upholds No TCS under Section 206C(1C) on Illegal Mining Compounding Fees
Compounding Fee Not Royalty: HC Quashes TCS Demand on Illegal Mining Fines
Delhi HC Dismissed Reassessment Challenge: Factual Disputes Must Be Decided by AO
Madras HC Upheld Reassessment but Order Set Aside for Lack of Discussion on Penny Stock Addition
Section 54F Deduction Based on Actual Sale Consideration, Not Deemed Value: ITAT Raipur
Notices u/s 148 issued by JAO was invalid due to mandatory faceless procedure u/s 151A
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.
