#income tax act 1961
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Section 263 proceeding based on mere audit objections without independent assessment invalid

Revisional jurisdiction u/s 263 unjustified without any error or infirmity in assessment order: ITAT Delhi

Rethinking Taxation System in India-Challenges and Solutions

CBDT approves Sardar Vallabhbhai National Institute of Technology for Scientific Research

CBDT approves ‘National Forensic Sciences University, Gandhinagar’ under section 35

No Addition on estimation basis without Rejecting Books of Accounts: Delhi HC

Section 50C: Higher Property Sale Consideration Not Ground for Section 271(1)(c) Penalty

Sample Grounds for ITAT Appeal: Condonation of Delay under Sec. 249(3) Post CIT(A)’s Rejection

Interest in land is Assets for determining FMV of shares & Capital Gain Calculation

Amendment in Form 3CEB by Income Tax Notification dated 05.03.2024

CBDT Clarifies Provisions for Charitable Donations & Application of Income

TDS not deductible on payment to non-resident for availing General Business Support Service: Bombay HC

Special Tax Regime for Certain Incomes of Non-Resident Indians (NRI)

Unveiling the Fundamental Principle – No Tax Without Legal Authority
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.
