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.
Demonetisation Cash Addition Deleted Because Funds Belonged to Members
Temporary Tunnel Structures Are Revenue, Not Capital Expenditure
Revisional Power Fails Where TPO Order Was Never Passed
Interest on Bank Deposits Allowed as 80P Deduction Due to Business Nexus
Revenue Appeal Fails Due to Wrong Assessment Year for Cash Investment
LTCG Claim Reopened Due to Preferential Allotment Concerns
Demonetisation Cash Deposits Taxed Due to Unreliable Cash Sales Claim
Search Assessments Quashed Due to Defective Section 153D Approval
PCIT Action Invalid for Failing Twin Conditions Under Section 263
Bogus Purchases Partly Disallowed Due to Accepted Sales
Purchase Addition Reduced as Manufacturing Reality Considered
Extended Limitation Cannot Apply to Expense Disallowances
Section 54 Capital Gains Tax Exemption – What Constitutes Date of Transfer?
80P Deduction Denied as Bank FD Interest Lacked Nexus with Credit Facilities: ITAT Chandigarh
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.
