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.
Long-Term Capital Gain Tax Cannot Be Lowered to 20% When 115BAA Is Opted
Changes in Correction Rules for TDS & TCS Returns & Time Limitations
Reversal of Disallowed Liquidated Damages Cannot Be Taxed again ITAT Chennai
Entire ALV Cannot Be Assessed on Partially Let Out Property: ITAT Delhi
“ITAT Kolkata Quashes Reopening for AY 2015-16: TOLA Extension Not Applicable
Notice u/s 143(2) Not in Prescribed Format Held Invalid and Void Ab Initio: ITAT Kolkata
Late Filing of Form 10B/10BB Not Fatal: ITAT Kolkata Grants Trust Exemption
TDS on Composing Charges Deductible Under Section 194C, Not 194J: ITAT Kolkata
Bogus LTCG on Penny Stock: ITAT Ahmedabad Upholds Addition
Cash Kept by Father Not a Loan or Deposit – ITAT Deletes ₹20 Lakh Penalty
Documented Share Capital Transactions Valid Despite Non-Appearance of Subscribers – ITAT Deletes Rs.7.11 Cr Addition
15% Deduction under Section 11(1)(a) Applies to Gross Receipts, Not Surplus: ITAT Pune
PCIT Revision Upheld: AO Failed to Verify Low Profit Margin & Audit Need (Sec 263)
ITAT Replaces Rule 8D with Reasonable Estimate, Cuts ₹3.05 Cr Disallowance to ₹10 Lakh
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.
