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.

ITAT Mumbai Rejected TDS on Stake Money Despite Section 194B Amendment:

12AB Denial Set Aside for Foreign Studies Grant; Funds Applied in India; Delay Condoned

ITAT Ahmedabad: CIT(A) Order Vitiated for Mixing Two Years’ Facts; Remanded

ITAT Agra: 20% Adhoc Expense Disallowance Deleted; Overdue Interest Remanded; 36(1)(viia) Deduction Restored

Section 68 Addition Quashed as Cash Source Was Fully Traceable: ITAT Agra

Partner Capital & Loan Sec 68 Additions Quashed; Identity/Creditworthiness/Genuineness Proved

Unsecured Loan Addition Set Aside Due to Rule 46A Lapse

Why Outstanding Income Tax Demand Emails Are Reaching Taxpayers Now

ITAT Agra Upholds Separate NP Rates: 0.22% (Animal Trading) & 8.7% (Scrap)

Agricultural Cash Deposits Explained, Section 69A Addition Deleted

Cash Deposit Addition Quashed Due to Proper Medical Receipts Records

ITAT Patna Deletes u/s 69A Addition on Time Deposit; NEFT from Father Explained

Civil Suit against Income Tax Dept.’s auction of Attached Property not Numbered due to Bar Council Boycott

Cash Deposit Addition Quashed for Trader Covered by Section 44AD
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.
