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.
Presumptive Taxation for Residents – 1961 Act via-a-vis 2025 Act
ITAT Orders Fresh Benchmarking of Royalty Payments, Prefers Traditional Methods Over TPM
Budget 2026 Urged to Fix Rectification Delays and Coercive Tax Recovery
ITAT Surat Quashes Section 263 Revision on Bogus Purchase Issue as PCIT Lacks Jurisdiction During Pending CIT Appeal
ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet
Change of Opinion Barred: Section 263 Invalid After Comprehensive AO Enquiry
Section 28 Interest Is Compensation, Not Income: Reassessment Set Aside
Section 54B Deduction Denied as Agricultural Land Purchased in Wife’s Name
No Fresh Section 143(2) Needed After Jurisdiction Transfer by Valid Original AO
Dormant partner in absence of any material cannot be made vicariously liable for benami transaction
AIS vs Form 26AS – Mismatch Issues, Tax Notices & How to Fix Them
Section 11 exemption granted as surplus from vocational training used only for educational purpose
Disallowance of Goodwill Depreciation Set Aside Due to Wrong Legal Test
Section 271(1)(c) Penalty Fails When AO Accepts Reopened Return
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.
