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.
Section 69A Addition Quashed Where Presumptive Income Was Declared
Corporate Tax Rate Applicable for AY 2021-22, 2022-23, 2023-24, 2024-25, 2025-26 & 2026-27
Why Co-operative Society Deposits Can Cost Charitable Trusts Their Tax Exemption
Taxation of Indian and foreign Income for Indian and foreign Citizens
Reassessment Quashed as No Addition Made on Original Reopening Issue
Mere Claims of Cheque Discounting Insufficient to Explain Bank Credits: ITAT Surat
ITAT Quashes 50C Addition Citing Valuation Typo and Higher Consideration
Interim Relief Granted Against Reassessment Issued Without Considering Reply
Delhi HC Quashed Reassessment Notice as Time-Barred for Crossing Ten-Year Limit
NRIs Returning to India: Tax Blunders When Claiming Residency Exemption
HUF TDS Credit Dispute Sent Back to AO for Member-Level Verification
Limited Scrutiny Means Limited Powers: Additions Beyond CASS Scope Quashed by ITAT
Bogus Purchases Can’t Be Added in Full When Sales Are Accepted: ITAT Restricts Addition to 3% GP
From PAN to PAN 2.0: Understanding evolution of Tax Identification
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.
