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.
Cash Deposit Deletion Without Source Check Fails, Matter Remanded
Clerical Error in Accounts Triggers Fresh Probe of Cash Deposit
Payer’s Expense Accepted, Payee Can’t Be Taxed Under Section 68
Reassessment Quashed for Relying on Wrong Person’s Transactions
Revised compounding guidelines dated 17.10.2024 cannot be given retrospective effect
Draft Reply Challenging Reopening Based on Photocopy Evidence
Article 226 Can’t Replace Income Tax Appeal Mechanism
Deductor Failed to Deposit TDS: Assessee Still Entitled to Credit
Section 89(1) Relief Can’t Be Denied for Return-Filing Technical Lapse
₹4 Cr Allegation Fails as Wrong Search Year Invalidates 153C Notice
No Profit Motive, No Denial: Section 12AB & 80G Matters Reopened
Penal Tax Blocked: ITAT Orders Normal Rate on Cash Deposits
Sales in Books Accepted, But ‘Cash Buyer’ Bills Trigger Remand
No Comparables, No 1% Rate: ITAT Relies on Past Performance
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.
