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.
Sale of Rights in Plots Is Capital Transaction, Not Unexplained Money: ITAT Chandigarh
Interest to NBFC Not Automatically Disallowable u/s 40(a)(ia): ITAT Rajkot
DDT on Foreign Dividends Restricted to Treaty Rate Due to DTAA Override
Section 11 Exemption Allowed Despite Late Audit Report Filing Due to Procedural Nature
Concessional Section 115BAA Tax cannot be Denied Solely for Procedural Lapse in Form Filing
Gujarat HC Condoned Delay in Filing Mandatory Form 10-ID Due to Portal Glitches
Demonetisation Cash Deposits Explained; Partners Capital Not Taxable in Firms Hands
Section 143(1) Adjustment Quashed for Wrongly Denying Section 11 Benefit
ITAT Rejects Ad-hoc Estimation of Cost of Acquisition; MVR-Based Valuation to Prevail
Notice issued u/s. 148 beyond 3 years is time barred as escapement is less than 50 Lakhs
Employee’s contribution deposited after statutory due date disallowed even if amount paid before return filing
CIT(A) Cannot Dismiss Appeal for Non-Prosecution; Estimation Section 69A Additions Remanded
Interest on Income-tax Refund Taxable at DTAA Rate When No PE in Year of Receipt: ITAT Dehradun
Wrong Assumption of Section 12AB Cancellation Vitiates Assessment: ITAT Visakhapatnam
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.
