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 u/s. 148 beyond 3 years based on approval u/s. 151 from Pr. CIT is invalid
House Property Tax Relief Granted on Rental Income Due to Consistency Rule
AY 2015-16 Reopening Invalid Because TOLA Benefit Not Available
Strict Compliance Rule Reiterated: Section 13A Is Not Automatic Exemption
Wrong Sanction, Dead Reopening: Delhi ITAT Quashes 148A(d) Order for AY 2017-18
No Search Evidence, No 153A Jurisdiction: ₹6.11 Lakh Addition Deleted
Karta of a HUF: The Pivot of Authority under Hindu and Tax Law
Income from Accommodation Entries Restricted to 8% on Estimation Basis
Blending With Huf: Tax Without Relief
Hasty Cash-Deposit Additions Set Aside: ITAT Restores Matter to AO for Fresh Hearing
Surplus from Educational Activities Doesn’t Convert Trust into Business
Gift Deed for ₹26.36 Lakh Cash Gift Admitted at ITAT Stage in Interest of Justice
Treating outstanding sub-contract expense as unexplained u/s. 68 without specific reason is not tenable
Estimation of Net Profit Mandatory Once Books Are Rejected
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.
