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.
Legal control under a JDA constitutes transfer for capital gain: ITAT Kolkata
CIT(A) Order Set Aside as Advance Tax Requirement Misapplied in Loss Case
Rule 37BA Cannot Override Section 5A While Granting TDS Credit to Goa Residents
Profit Capped at 7% Because Search Confession Could Not Be Applied to Past Years
Cash Deposit Explained, Books Not Rejected: Section 68 Addition Collapses
ITAT Bangalore Set Aside Section 80G Denial for Lack of Adequate Opportunity
Tax Penalty Proceedings Deferred Until Quantum Appeal Resolution
Wrong PAN, Wrong 26AS, Wrong Addition: Hyper-Technical Dismissal Set Aside
Reassessment Held Invalid Where No Addition Made on Recorded Reasons: ITAT Chennai
12AB and 80G Rejection Quashed for Violating CBDT SOP Mandating 15 Days’ Response Time
Cash Deposits During Demonetisation Cannot Be Treated as Unexplained When Agricultural Source Is Proved
ITAT Mumbai Restores Ex-Parte Reassessment as Capital Gains Were Taxed in Director’s Hands Instead of Company
Reassessment Quashed as Mandatory Seven-Day Notice Was Not Granted
Arbitrary 3% Profit Estimation Struck Down by ITAT Hyderabad
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.
