#income tax act 1961
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Only simple interest on refund of TDS/Advance tax if refund is paid along with interest within the prescribed time period

Section 14A of IT Act applicable in respect of share of profit from partnership firm

Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities

Income tax department considering publishing the names of tax defaulters

Shipping income derived from international operations is outside the purview of the Indo-Swiss Tax Treaty

Notification No. 81/2009 – Income Tax Dated 27/10/2009

Loan ‘waiver’ does not fall into either of three terms subsidy / grant and reimbursement

Withdrawal of circular related to taxability of income accruing or arising through, or from, business connection in India to a non-resident

True basis of depreciation allowance is the character of the asset not the description of the same

AAR on taxability of income from execution of contract in India by German company, having no PE in India

Undisclosed income of the partnership firm can not be assessed in the hand of the partners

Leviability of Penalty under section 271D if Assessee have reasonable cause for borrowing in violation of section 269SS

Notification No. 78/2009 – Income Tax Dated 12/10/2009

Provision of Limitation Act, 1963 not applicable to Limitation Period specified for filing appeal under Section 260A (2) of the 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.
