#income tax act 1961
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Disallowance of set off of brough forward loss sustained as return filed beyond time limit

Foreign Tax Credit

Failure to deposit amount for getting stay doesn’t result into invocation of section 179 of the Income Tax Act

Limitation period of six years for passing order u/s 201(3) is effective only from 01.10.2014

Provisional attachment order passed without valid reasoning is untenable

Receipt towards Supply of software and automated services are not taxable in India

Form 67 is directory and not mandatory to claim foreign tax credit

Notifications With Regard To Filing Of Form 10F

Expenditure incurred during interval period of setting up of a new business & its commencement can be allowed as deduction

Tax authorities can initiate afresh proceeding if earlier proceeding was invalid

Authorities can grant stay on deposit of amounts less than 20% of disputed demand

Residency of Individual Income Tax Act and recent developments

Objective and Implication of Taxation in India

Revenue Expenditure or Capital Expenditure – The Contest continues
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.
