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.
Bandwidth Charges Not Taxable as Royalty Under India-Singapore DTAA: ITAT Delhi
Sale of Property in India by a Non-Resident – Tax and TDS Provisions
Penalty u/s 271D Set Aside Due to Lack of Substantive Hearing
8% Presumptive Profit Upheld Where No Books Maintained: ITAT Chennai Backs CIT(A)’s Estimation
Diary Entries Alone Insufficient to Trigger Section 153C Proceedings
Ex-Parte Order No Ground to Deny Justice: Matter Sent Back to CIT(A)
ITAT Upholds U/s 80P(2)(d) Deduction on Deposits with Co-operative Banks
Section 80P(2)(d) Benefit Granted Due to Plain and Liberal Reading of the Statute
Cash Deposit Taxed Because Personal Explanation Was Unsubstantiated
Section 153C Fails for Want of Proper Satisfaction: Entire Search Assessment Quashed
Section 68 Addition Fails Where AO Makes No Inquiry: Unsecured Loans Accepted
Section 263 Cannot Override 153D Approval: Revision Quashed as Jurisdictionally Flawed
PCIT Cannot Revise U/s 153C Order Without First Upsetting U/s 153D Approval
Applicability of Section 269SS of Income Tax Act, 1961 to Director’s Current Account Transactions
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.
