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.

₹3 Lakh Leave Encashment Exempt Despite Job Change in Same Year

Appeal Restored as Delay Condoned Due to Procedural Lapse

Past Accepted Profit Rate Must Guide Estimation; 10% Arbitrary Cut to 6% – ITAT Bangalore

Turnover Filter Applied to Exclude Mega-Scale ITeS Companies

Deduction Denied Only for Late ITR Set Aside After Condonation

Revenue Appeals Fail as No Transfer of Risk and Reward Before Completion

Non-Speaking Order Invalid: Section 12AB & 80G Rejection Remanded

Unsigned Sanction Fatal: Reassessment Proceedings Set Aside

Income Tax Bill 2025: A Step Towards Simpler Taxation

Taxation of Gifts from Family

Section 234E Has No Teeth Without 200A: Pre-01-06-2015 TDS Late-Fee Quashed

Chennai ITAT Quashes Revision Section 263 for No Error in AO’s Assessment

Faceless Assessment Quashed for Breach of SOP: Less Than 7 Days to Respond Vitiates Entire Proceedings

Disallowance of expenditure u/s 14A of Income Tax Act against Exempt Income
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.
