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.
Bogus Purchase Disallowance Restricted to 6% on Estimation by ITAT Delhi
ITAT Orders Fresh Section 14A Disallowance computation for Lack of AO Satisfaction
Section 68 Addition for mere Non-Compliance to Summons: ITAT Kolkata
Foreign Tax Credit Allowed as Form 67 Delay Is Procedural: ITAT Mumbai
Interest in Form 26AS Not Taxable on Accrual Under Cash System Without Verification: ITAT Mumbai
Reopening Quashed as Limitation Under Old Regime Expired: ITAT Mumbai
Reversal of Unclaimed MSMED Interest Cannot Trigger Tax Addition
Section 271(1)(c) Penalty Deleted for Revenue-Neutral Loss Claim
Interest on Land Acquisition Compensation Taxable as Capital Receipt
Aggregated Cash Payments Cannot Trigger Section 40A(3) Disallowance
Interest-Free Loan Transfer Pricing Adjustment Invalid Without Any Profits
Recorded Sales During Demonetisation Cannot Be Taxed as Unexplained Money: ITAT Hyderabad
Section 80P Claim Sent Back as Return Delay May Be Condoned
Survey-Based Additions Set Aside Due to Lack of Effective Hearing
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.
