#income tax act 1961
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Bombay HC: Private Trust Assessable as AOP, Upholds Section 40(ba) Disallowance

ITAT Dismisses Revenue Appeal, Cites Consistency & No Change in Facts or Law

Bandwidth Charges Not Royalty Under Income Tax Act: Delhi HC

Direct vs. Indirect Tax in India: Part 5 – Related Party Transactions

Additions to Income Require Concrete Evidence, Not Mere Suspicion or Third-Party Information

Status of Charitable Trust’s not get affected for making reasonable payments to related party

Section 80-IB(10) deduction was allowable for timely completed wings and held remaining wing to be separate project

Benefit of exemption u/s. 11(1)(a) cannot be debarred for incurring more expense than income

Taxpayer ineligible for DTVSV Scheme against notice issued u/s. 148 as disputed tax not ascertained

VDIS Scheme benefit granted even in absence of original certificate of jewellery

10-Year Reassessment Period Unjustified as Conditions Under Section 153A(1) Not Met

Section 12A Registration Remitted for Clarification on Fulfillment of Conditions

Taxability of Provident Fund of Salaried Person at the Time of Retirement

ITAT Mumbai Restricts Bogus Purchase Disallowance to 5%
Explore the latest income tax act 1961 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
