#income tax act 1961
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Disallowance u/s 14A is to be made even when exempt income is not earned or received during the year

Carry forward & set off of MAT credit u/s.115JAA & Allowability in the hands of amalgamated company

Cost accountants may not be treated at par with chartered Accountants

Assocham asked to raise the tax exemption limit for Individuals to 4 lakh and for senior citizens to 5 lakh

DTC likely be tabled in Parliament only in Budget Session

Income Tax department reopened Assessment of Indian Nationals on info from German Bank

Allowability of exemption u/s 10(22) of IT Act, 1961 to a State-controlled Educational Society/Board

Advance Ruling on taxability of an American company, having no PE in India, for technology transfer to an Indian company against consideration

ICAI Announced – e-Learning course on Transfer Pricing

IT department conducted Searches and Seizure in various states

Notification on Income-tax (Dispute Resolution Panel) Rules, 2009

“DHARMADA” or Charity Amount not part the assessable value under the Central excise Act

Comments on New Direct Tax Code

Income Tax department will send notice to companies who paid lesser advance tax
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.
