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.
Joint ITR for Married Couples – Could This Be Middle Class Saviour?
No Addition if Loan Identity & Creditworthiness Proven; Section 115BBE Applies Prospectively
Assessments Beyond Ten-Year Block Invalid Under Section 153C: ITAT Delhi
Addition u/s. 68 towards cash deposit during demonetization deleted since it was out of cash sales
Comparable controlled transaction not to be taken as comparable to benchmark international transaction
Delay in Form 10B Filing Cannot Deny Trust Exemption: Madras HC
Activity of hostel/mess being part of main activity eligible for 15% standard exemption u/s. 11(1)(a)
Section 263 Revision Not Valid When AO Allows 32AC Deduction after enquiry
Rebuttable Presumption under Section 292C Cannot Be Applied Mechanically: ITAT Delhi
Share application money received in prior years cannot be added in current assessment year
ITAT Ahmedabad Remands Case for Proper Adjudication of URD Cash Transactions
ITAT Delhi Allows Dunnage Expense as Revenue Expenditure, Not Capital
Revision u/s. 263 quashed as object advancement of general public utility held as charitable purpose
Madras HC Sets Aside Income Tax Assessment for Lack of Hearing
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.
