#income tax act 1961
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Once appeal is adjudicated on merits, refusing to condone delay is an error

Addition u/s 68 beyond jurisdiction if amount already declared as turnover

Registration under 12AA granted as activities carried are not in nature of trade, commerce or business

Foreign Travel not covered u/s. 10(5) hence TDS deductible on same u/s 192(1)

DIGITAL ECONOMY TAXATION: A Modification or a Rebirth?

Category of Grievances which can be submitted on Income Tax e-Filing portal

MAT Credit Short Notes and Presentation in Financial Statements

Future and options income and its taxability

Future & Option Taxability from Individual Perspective

Stay of 80% of demand granted as 20% of disputed tax, interest and penalty already recovered

Depreciation on goodwill cannot be rejected merely because performance didn’t match projection

Addition of unexplained investment u/s 69B unsustainable as source for excess stock plausibly explained

Compensation paid by builder during redevelopment of flats is capital receipt

Addition based on third person statement without giving any opportunity to cross examine is untenable
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.
