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.
Retention Money Taxable Only After Right to Receive Crystallises: Calcutta HC
No TDS on Stockist Discounts, ESOP Grants & MSME Interest: ITAT Mumbai
ITAT Chennai Allowed TDS Credit in Year of Receipt Due to Cash Accounting System
Old Trust Can’t Be Denied 5-Year Registration Due to Portal Technical Glitch: ITAT Chennai
CSR-Based Donations Eligible for Section 80G Deduction: ITAT Cochin
Income Tax Search Assessment Quashed as 60-Day Limitation Applied After Stay Was Vacated
Karnataka HC Quashed Reassessment for Lack of Jurisdiction Under Faceless Scheme
Mechanical Section 153D Approval Invalid: ITAT Quashes Search Assessments for Multiple Years
Time Limitation for Rectification of TDS/TCS Statements: A Paradigm Shift in Compliance
Gujarat HC Quashed Assessment for Failure to Issue Section 144C Draft Order
Free-of-Cost Testing Assets Not Taxable Under Section 28(iv): ITAT Bangalore
Late Form 10B Filing Insufficient to Deny Section 11 Exemption: ITAT Ahmedabad
New Tax Regime Benefit Allowed Despite One-Day Delay in Form 10IE Filing: ITAT Surat
ITAT Mumbai Allows Professional Fees & Foreign Branch Expenses u/s 37(1) for Strategic Investments
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.
