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.
ITAT Directs Recalculation of Capital Gains, Not Just Section 50C Difference
Excess amalgamation Consideration Goodwill Depreciable under Section 32
Section 11 Exemption Preserved: Old Accumulations Utilised Within 6 Years Not Taxable
Amount paid to clear mortgage on title of property is deductible u/s. 48(1)
Section 153A: On-Money Profit @15% Sustained, TP Addition Deleted, Bogus Purchase Confirmed
Reassessment based on information on Insight Portal without verification is invalid
Section 153A Reassessment: Additions u/s 69B & 69C Deleted on Unsigned Excel Sheet
Delay in filing Form No. 9A condoned as form 9A newly introduced
ITAT Restores Section 80G Application Rejected for Religious Objects
ITAT Orders Fresh Verification of Cash Credit Addition Due to Loan Repayment
Section 44AD Claim Accepted, Entire Rs. 20.23 Lakh Addition Deleted
Reassessment Quashed as Notice Uploaded After Limitation Due to Portal Glitch
Maximum Marginal Rate Applied Because Trust Selected “AOP/BOI” in ITR
Section 263 Revision Rejected as AO Took One of Two Possible Views
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.
