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.

Uncrossed Third-Party Statement Not Enough to Establish Bogus Purchases

Gifted Shares, Long-Term Gains: ITAT Delhi Throws Out Revenue’s STCG Theory

Tax Authority Cannot Use Surrendered PAN for Reassessment: Gujarat HC

TDS on Consulting Doctors Must Be Under Section 194J, Not Section 192: ITAT Cochin

ITAT Mumbai: Corrigendum Cannot Cure Defective Section 148 Notice

Madras HC directs New PAN After CIBIL Damage from Duplicate PAN

Attachment of property to be lifted as entire arrears already paid as per ITAT’s order

Penalty Sustained Because Tax Paid Without Return Doesn’t Disclose Income Details

CBDT Launches Second NUDGE Initiative for Foreign Asset Compliance

Reassessment Beyond 3 Years Quashed Due to Wrong Sanctioning Authority

Penalties for Delayed Submission of ITR: Actual Case Examples

Section 2(22)(e) Addition Deleted for Bank Loan Secured by Personal Guarantee

Decoding Taxation of Virtual Digital Assets in India: An Analytical Overview

Section 32 r.w.s 43(6)(c): Vehicle Sale Profit Already Adjusted, No Separate Tax
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.
