#income tax act 1961
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Applicability of MAT on Revaluation Reserve credited to profit and loss account

Allowability of deduction U/s. 10B to company engaged in business of contract research and in providing of laboratory facility to its parent company in USA

Taxability of Sale Proceed of Assets Purchased before introduction of block concept and sale thereafter

Losses could not be ignored in determining the applicability of exception clause of Explanation to section 73

Section 117(1) and (2) of the Income-tax Act, 1961 – Appointment of income-tax authorities – Notified officer

Announcement for Students appearing for the Professional Competence Examination (PCE) for November, 2009

Section 120(1) and (2) of the Income-tax Act, 1961 – Jurisdiction of income-tax authorities

Gifts of property (gifts-in-kind) above value of rs.50,000 become taxable from 1st October 2009

Loan waived by lender is not taxable in the hand of borrower

Sec. 143,rws 234A to 234C, of the IT Act and articles 12 and 7 of DTAA between India and USA

TDS on payment made for purchase of software from non-residents

ICAI requested for extension of due date for filing of return of Income

Amendment in E-Furnishing of Return of Income Scheme, 2007

No addition can be made on the basis of mere statement recorded during survey
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.
