#income tax act 1961
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The Five Heads of Income Tax in India

Denial of deduction u/s 80P sustained as return filed belatedly

Penalty u/s 271D not leviable as reasonable cause for violation of section 269SS duly demonstrated

Penalty u/s 271B not leviable as delay of one day due to technical letches is venial in nature

Influencer marketing Tax Compliance

How Income Tax Digitalisation will affect the Indian Economy?

Condonation not granted in absence of cogent and satisfactory explanation

Amendment in section 155(19) to be considered while dealing with excess sugar cane price above FRP

Understanding Income Tax in India: Slabs, Rates, and Compliance

All You Need To Know About Income Tax in India

FMV determined by registered valuer after considering relevant factors cannot be ignored

“Say no to cash transactions” says Government

Loss claimed arising out of sham transaction between two AE is disallowed

No transfer of assets in case of shifting of plant & machinery from fixed to current assets
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.
