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.
No Section 194-IA TDS Needed as Payment to Each Co-Owner Below ₹50 Lakh, So 234E Levy Set Aside
Notices Quashed for Non-Faceless Procedure Under Sections 148A and 148
Real Estate Income Issue Remanded as Section 44AD Claim Unaddressed: ITAT Nagpur
Government Expands Bank Network for Capital Gains Accounts
Disallowance Upheld Due to AO’s Satisfaction: ITAT Confirms Rule 8D Application
Capital Gains Accounts (Second Amendment) Scheme, 2025
TCS On Sale of Overseas Tour Pacakage
1,370-Day Delay Not Condoned; Reliance on Consultant Not Sufficient Cause: ITAT Mumbai
Section 148 Notice Invalid in International Tax Cases if Issued by JAO Instead of FAO: Bombay HC
Section 263 Not Invocable When AO Takes a Plausible View After Inquiry: ITAT Mumbai
Reassessment Based on Third-Party Data Without Nexus is Invalid: Gujarat HC
Writ Maintainable for Limitation & Jurisdiction Errors in Section 148A(d) Orders: Sikkim HC
Section 87A Rebate Applicable on capital gains taxed at special rates: ITAT Chennai
VAT input credit shown only in the balance sheet cannot be taxed as income: ITAT Mumbai
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.
