#income tax act 1961
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Wound up company intending to clear pending Income tax dues, permitted to pay dues in installments

Issue considered in order is open for revision if order is erroneous and prejudicial to interest of justice

Trustees of Charitable Trusts Stay awake and be careful

Assessment framed on the basis of mere ‘base note’ is unsustainable

Receipts from prospecting for, or extraction, or production of mineral oils taxable u/s 44BB

Form No. 10 of the Income Tax Act – An overview

Interest on delayed refund payable from date of deposit till date of payment

Penalty u/s 271(1)(c) up to 100% of tax evaded justified in case of excess stock found during survey

How an Association of Persons will be taxed

Addition u/s. 68 merely based on SMS or WhatsApp messages without corroborative evidence unsustained

Claim of depreciation allowed in initial year cannot be disturbed in subsequent years

Real Income Theory In Income Tax Law

41 FAQ’s on Foreign Tax Credit + Determination of Residential Status (both)

What are the deductions allowed under Chapter (VIA) of Income tax Act, 1961
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.
