#income tax act 1961
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Accounting, Audit and Taxation of Future and Option Transections

Section 264: PCIT can Allow Unclaimed Deductions/Losses

Delhi HC Upholds deletion of Pre-Operative Stage Expenses Disallowance

HC Sets Aside Assessment Order Due to AO’s Error in Including Previous Year’s Balance

ITAT Directs Re-examination of Disallowed Interest Paid to Partners

Compliance Cost Under Income Tax Act And GST

No Section 80P deduction on insurance activities as not fall under Banking business

Reassessment proceedings initiated by mistake is liable to be set aside

Income Tax Relief for Sugar Co-operative Societies – Circular No. 14/2023

Late Payment of Employees’ PF/ESIC Contributions not allowable u/s 36(1)(va)

Addition u/s. 56(2)(vii)(b) due to difference in circle rate & actual amount paid for land sustained

Department Obligated to Provide Supporting Material for Section 148A(b) Notice

Reassessment without due application of mind by AO was invalid

Computer software being integral for working of hardware are depreciable @60%
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.
