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.
Expenditure on Short-Lived CAD Software Eligible for 80IC Deduction
DRP Wrongly Rejected Vital Evidence; Matter Remanded for Fresh TP Adjudication
Transferring Funds from India to the UK Without Triggering 20% TCS
Section 151A Breach: ITAT Quashes Reopening, ₹58.68 Cr Bogus Purchase Addition Deleted
Full 80P Deduction Upheld as Nominal Members Counted as ‘Members’ Under State Law
ITAT Delhi Allows Section 54 Exemption for Property Purchased in Australia
Net Agricultural Income Accepted After Tribunal Revises Expense Claim
Penalty u/s 271AAC & 270A Remanded as Quantum Appeal Restored for Fresh Hearing
Penalty u/s 271AAB Upheld: Admission of ₹3 Crores in Search Held ‘Undisclosed Income’
Form 71 Corrects Buyer’s TDS Error, Capital Gain Taxed in Transfer Year: ITAT Delhi Allows Full Credit
SC to Decide Trust’s Eligibility for Income Tax Exemption on Community-Based Welfare
Survey Statement Alone Cannot Sustain Addition Without Stock Verification: ITAT Kolkata
ITAT Quashes ₹2.25 Cr 69C Addition as Traveled Beyond Show-Cause Notice
Turnover Mismatch Fatal: ITAT Orders Removal of Large Comparables in TP Analysis
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.
