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.
Stay Application Rejected Without Reasons Set Aside as Non-Speaking Order by Bombay HC
ITAT Mumbai denied Rectification as Later SC Ruling Not a ‘Mistake Apparent’
Cooperative Bank Interest Income Eligible for Section 80P(2)(d) Deduction
CSR Donations Eligible for Section 80G Deduction Despite Section 37 Disallowance
AO Cannot Reopen Assessment Based Only on Investigation Inputs
Indexation Benefit Directed as CIT(A) Omitted Mandatory Section 48 Relief
CSR Donations Allowed Under Section 80G Despite Business Disallowance
Director Liable for Unexplained Credits Despite Transfer to Company: ITAT Ahmedabad
Post-Search Flat Booking Cannot Trigger On-Money Tax Addition: ITAT Ahmedabad
Interest on Unused Commercial Property Not Business Expense, but Allowable u/s 24(b): Jaipur ITAT
Gross Interest Can’t Be Taxed Ignoring Interest Cost: Ahmedabad ITAT
Ex-Parte Assessment Set Aside with Costs, Cash Deposit Case Remanded
Borrowed Satisfaction: Guwahati ITAT Quashes 147 Reopening & 68 Addition on Alleged F&O Loss
Addition quashed as cash deposit during demonetization was redeposit of cash already withdrawn
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.
