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.
Unexplained credits addition on adhoc basis at 5% cannot be sustained: Matter restored
Condition of investment of corpus donation in prescribed mode u/s. 11(5) effective only from 01.04.2022
New Flat Purchase Date Clarified: Late Stamp Duty Registration Doesn’t Void 54F Reason
Demonetisation Cash? ITAT Says: Genuine Sales, Genuine Stock, No Section 68 Shock
PF/ESI Due Date Relief: ITAT Remands Verification of Employee Contribution Linked to Actual Salary Payment
Jewellery Cash Sales Spike Normal: ITAT Rejects Average Sales Comparison Reason
Deemed Rental Income Ruling: ITAT Upholds Notional Rent on Multiple Houses, Even if Vacant or Under Repair
Sales Accepted but Purchases Disputed? ITAT Slams 100% Disallowance Reason
Section 115BBE Inapplicable: ITAT Rules Higher Tax Rate Not for FY 2016-17 Cash Deposits
Section 147 ‘Fishing Net’ Doctrine Upheld: ITAT Voids Reopening for Unrelated Additions
Belated but Bona Fide: ITAT Deletes Penalty on Capital Gain Claim- When Deduction is Valid, Penalty is Invalid
RFCTLARR Act Wins: Section 56(2)(viii) Shown the Door- When Land Is Exempt, Interest Also Is – ITAT Schools Revenue
Deduction Calculation Basis: HC Clarifies 5% Fee Applies to Actual Receipts, Not Gross Bills
Search Assessments u/s 153A was quashed as mechanical and composite approval u/s 153D amounted to non-compliance
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.
