#income tax act 1961
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Software expense incurred for use of license not giving enduring benefit is revenue expenditure

Disallowance sustained as employees’ share to PF/ESI not paid within stipulated due date

Addition unsustainable as three ingredients engraved in section 68 proved

KVSS Determination Shields from Reassessment: Bombay High Court

Assessment framed in different status is liable to be cancelled

Composite rental income for letting out school building with infrastructure and amenities taxable under house property

Addition u/s 153A without jurisdiction as no incriminating material found during search

Calculation of HRA Exemption under section 10(13A) of Income tax Act, 1961

Dispute in stamp value may be referred to the valuation officer

Expenditure incurred on community development is allowable u/s 37(1)

Provision for Warranty Expenses allowed as business expense u/s 37

Disallowance of revenue expenditure merely based on description of expense is unsustainable

Deduction u/s 36(1)(va) allowed if payment made on day next to due date, as due date being a holiday

21 FAQs on Taxation Laws for Foreign Corporate + NRIs + NRs in India
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.
