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.
Reopening Quashed for Non-Supply of Material Relied Upon in Reasons
ITAT Condones 3,100 Days Delay, Appeal Sent Back
Estimated Commission Addition Unsustainable Without Rejecting Books
Section 68 Addition Deleted After Loan Genuineness Proven
Accommodation Entry Allegation Rejected for Want of Proof
ITAT Pune Deletes Section 234E Late Fee for Pre-1 June 2015 TDS Return Processing
Section 80P Deduction Cannot Be Denied by CPC for AY 2019-20
No Penalty for Recharacterising Capital Gains as Business Income
Section 69 Addition Quashed Because Housing Loan Explained Source
Reopening Quashed for Mechanical “Bogus Sub-Contractor” Reasons
No Section 68 Addition When Capital Introduction Pertains to Another Year
Low-Margin Trading Business Justifies 2% Profit Estimation
Section 40A(3) Disallowance Set Aside in Invalid Reassessment
Delay in Filing Condoned for Old Trust, Registration Matter Restored
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.
