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.
Search Assessment – Telescoping Upheld, No Double Taxation & U/s 234A Interest Curtailed
Section 80P Win for Credit Societies – Savings Bank Interest Is Business-Attributable
Re-assessment U/s 147 Quashed as Time-Barred — Stay Period Ends on Date of Vacation, Not Communication
No TDS on Overseas Commission; Section 40(a)(i) Disallowance Deleted, Revenue Appeal Dismissed
Union Budget 2026: A Chartered Accountant’s Perspective
Borrowed Satisfaction from Insight Portal Invalid; Re-opening Section 68 Addition Quashed
Section 148 Notice Served on 01-04-2021 Invalid; Re-opening Quashed for Non-Compliance with 148A
Crypto Loan Interest = Cost of Acquisition; Deduction Allowed Despite Section 115BBH
143(1) Adjustment Without Prior Intimation Invalid; CPC Action Quashed
Golden Harvest Scheme Discount ≠ Interest; No TDS U/s 194A, 201 Default Quashed
Commission Agent Theory Accepted; Entire Bank Credits Not Taxable U/s 68
Repayment of Own Deposit ≠ Deemed Dividend; 2(22)(e) Not Attracted
Capital Account Credit From Partnership Firm Write-Back Not Taxable as Cash Credit: ITAT Mumbai
ITAT Kolkata Limited Section 14A Disallowance to Investments Yielding Exempt Income
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.
