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.
Reassessment Notice by JAO Invalid as CBDT Faceless Scheme Mandatory post 29.03.2022
Set-off on furnace oil available after reducing 6% of purchase price u/r 41D(3)(a) of Bombay Sales Tax Rules
No Evidence, No Rigging, No Bogus LTCG – Penny-Stock Theory Fails
Intra-Group Services Allowed as Genuine – ALP Review Sent Back to TPO
Leave Encashment Remanded in Light of Retrospective CBDT Notification Enhancing Limit to ₹25 Lakhs
Section 69 addition basis WhatsApp chats untenable sans source device/Evidence Act certificate: ITAT Mumbai
Reassessment Notices Quashed: Time-Bar under Rajeev Bansal & Invalid Section 151 Approval
ITAT Deletes 69A Additions as Cash Deposit from Pre-Demonetisation Balance & Flat Purchase Through Book-Entry Proven
Section 54 Exemption on Selling a House: Eligibility, Timelines, Limits and Rules
Practical Steps to Prepare a Transfer Pricing Report
ITAT: Suspicion Alone Can’t Justify 69A Addition on Agriculturist’s Deposits
AMP Intensity & BLT Methods Rejected Again; ITAT Deletes Entire AMP Adjustment – Issues Remanded
Section 194-IA TDS Not Triggered for Partial Ownership Below ₹50 Lakh
10(23C)(vi) Exemption Wrongly Denied; Surplus Development Fund Not Proof of Profit Motive
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.
