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income tax act

The income tax act defines Income tax and laws related to income tax. It covers income tax levy, collection, administration, and recovery. Income tax acts and income tax laws get changed/updated from time to time. Read our Latest News and Updated on the Income-tax act and Articles on the income tax act to understand the income tax act and its sections. Read our articles to understand income tax act section 10, income tax act section 24, income tax act section 54, income tax act section 80c, income tax act 44ad, income tax bare act, etc.

Latest Articles


Dodging Taxman: Firm Misreporting and Limits To Tax Enforcement

Income Tax : Explore the intricate landscape of tax evasion, its tactics like forged documents and offshore accounts, and the challenges in enf...

April 8, 2024 654 Views 0 comment Print

Section 43B(h) of Income Tax Act, 1961: Analysis & Implications

Income Tax : Explore Section 43B(h) of Income Tax Act, its applicability to Micro and Small enterprises, conditions for deduction, tax audit re...

March 20, 2024 4374 Views 0 comment Print

Section 43B(h) of the Income Tax Act – Analysis

Income Tax : Explore the amendment in Section 43B(h) of the Income Tax Act, promoting timely payments to Micro and Small Enterprises. Understan...

March 5, 2024 5673 Views 0 comment Print

What is Section 43B of Income Tax Act, 1961?

Income Tax : Discover the intricacies of Section 43B of the Income Tax Act, its conditions, exceptions, and impact on tax liability. Ensure com...

February 27, 2024 2151 Views 0 comment Print

Analysis of Clause(h) of Section 43B of Income Tax Act

Income Tax : Explore the implications of Income Tax Section 43B(h) introduced by the Finance Act, 2023, affecting timely payments to Micro & Sm...

February 4, 2024 1932 Views 0 comment Print


Latest News


5 Including Ex-ITO sentenced to 3 Yrs Jail; CBI Arrests CGST Superintendent for Bribe

Goods and Services Tax : CBI arrests a CGST Superintendent for accepting a bribe of Rs. 10,000, while designated courts in Ahmedabad and Madurai sentence f...

February 28, 2024 843 Views 0 comment Print

Join Live webinar on Taxation Critical Issues & Solution

Income Tax : Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me te...

February 15, 2024 2262 Views 0 comment Print

Representation on Updated Return Processing under Income Tax Section 139(8A)

Income Tax : Explore the challenges faced by Karnataka State Chartered Accountants Association (R) in processing updated returns under Section ...

January 19, 2024 16596 Views 1 comment Print

Request for Form 10B and Form 10BB Relaxation & due date Extension

Income Tax : Chamber of Tax Consultants seeks an extension for filing Form 10B and Form 10BB while requesting relaxation of requirements. Detai...

October 27, 2023 33378 Views 0 comment Print

Income Tax Dept searches 2 real estate groups of Bengaluru & Hyderabad

Income Tax : Income Tax Department conducts searches on two real estate groups of Bengaluru and Hyderabad Income Tax Department carried out sea...

July 14, 2022 717 Views 0 comment Print


Latest Judiciary


No coercive action on Congress till Lok Sabha polls: I-T dept to SC

Income Tax : Supreme Court halts coercive action against Indian National Congress in Rs 3500 crore income tax dispute until pending civil appea...

April 12, 2024 585 Views 0 comment Print

Power to Approve Assessment Reopening cannot be exercised casually on a routine perfunctory manner

Income Tax : Explore the Bombay High Court's judgment in Vodafone India Ltd Vs Deputy Commissioner of Income Tax case, emphasizing the importan...

April 12, 2024 435 Views 0 comment Print

Section 80IA deduction not available to persons executing works contract: ITAT Mumbai

Income Tax : Learn why AJR Infra's deduction claim under section 80IA of the Income Tax Act was rejected by ITAT Mumbai, citing its role as a w...

April 12, 2024 225 Views 0 comment Print

Kerala HC Quashes Section 148(A)(d) Orders in Third-Party Bank Deposit Case

Income Tax : Read the detailed analysis of K. Abdul Majeed Vs ITO case where Kerala High Court quashed reassessment under IT Act 147 based on d...

April 12, 2024 459 Views 0 comment Print

HC stays recovery considering single judge order allowing appellant to avail alternate remedy

Income Tax : Kerala High Court provides interim relief to taxpayer against recovery proceedings under Income Tax Act. Details of judgment and i...

April 12, 2024 114 Views 0 comment Print


Latest Notifications


Income Tax Refund for AY 2021-22: Delayed Returns Processing

Income Tax : Facing a delayed income tax refund for AY 2021-22 due to technical issues? The CBDT offers relief! Electronically filed returns wi...

March 1, 2024 813 Views 0 comment Print

Punjab State Faculty of Ayurvedic & Unani Systems: Income Tax Notification 11/2024

Income Tax : Explore the latest Income Tax Notification No.11/2024 regarding Punjab State Faculty of Ayurvedic and Unani Systems of Medicine. L...

January 8, 2024 270 Views 0 comment Print

Section 10(46) Income Tax Exemption for Chennai Metropolitan Water Supply & Sewerage Board

Income Tax : Explore the details of Notification No.10/2024 by the Ministry of Finance, providing income tax exemption to Chennai Metropolitan ...

January 8, 2024 255 Views 0 comment Print

Section 10(46) Income Tax Exemption for Polavaram Project Authority

Income Tax : Explore the latest Income Tax Notification (No. 9/2024) dated January 5, 2024. Details on Polavaram Project Authority's specified ...

January 5, 2024 675 Views 0 comment Print

Section 10(46) Income Tax Exemption for Haryana State Board of Technical Education

Income Tax : Explore the impact of Notification No. 8/2024 by the Ministry of Finance on Haryana State Board of Technical Education's specified...

January 5, 2024 357 Views 0 comment Print


Latest Posts in income tax act

No coercive action on Congress till Lok Sabha polls: I-T dept to SC

April 12, 2024 585 Views 0 comment Print

Supreme Court halts coercive action against Indian National Congress in Rs 3500 crore income tax dispute until pending civil appeal is resolved. Full text of judgment provided.

Power to Approve Assessment Reopening cannot be exercised casually on a routine perfunctory manner

April 12, 2024 435 Views 0 comment Print

Explore the Bombay High Court’s judgment in Vodafone India Ltd Vs Deputy Commissioner of Income Tax case, emphasizing the importance of thoughtful consideration before approving assessment reopening under Section 148A(d) of the Income Tax Act.

Section 80IA deduction not available to persons executing works contract: ITAT Mumbai

April 12, 2024 225 Views 0 comment Print

Learn why AJR Infra’s deduction claim under section 80IA of the Income Tax Act was rejected by ITAT Mumbai, citing its role as a works contractor for Special Purpose Vehicles (SPVs).

Kerala HC Quashes Section 148(A)(d) Orders in Third-Party Bank Deposit Case

April 12, 2024 459 Views 0 comment Print

Read the detailed analysis of K. Abdul Majeed Vs ITO case where Kerala High Court quashed reassessment under IT Act 147 based on deposits in third-party bank accounts.

HC stays recovery considering single judge order allowing appellant to avail alternate remedy

April 12, 2024 114 Views 0 comment Print

Kerala High Court provides interim relief to taxpayer against recovery proceedings under Income Tax Act. Details of judgment and implications discussed.

ITAT upholds disallowance of Expense against rental/Interest income & Partnership Firm Profit Share

April 11, 2024 5928 Views 0 comment Print

ITAT Mumbai’s decision on Kanti Thermo Equip Pvt Ltd Vs ACIT. Disallowance of expenses against rental income, share of profit, and interest income upheld.

Interest on compensation taxable as income from other sources: Delhi HC

April 11, 2024 426 Views 0 comment Print

In PCIT vs Inderjit Singh Sodhi (HUF), Delhi High Court examines whether interest on compensation is taxable as income from other sources. Read the detailed analysis.

Section 14A: AO Must records Discontent with Assessee’s Expenditure Claim with Cogent Reasons

April 11, 2024 252 Views 0 comment Print

Bombay High Court ruling: Assessing Officer (AO) must record dissatisfaction with Assessee’s claim regarding expenditure. Detailed analysis of PCIT-2 Vs Tata Capital Ltd case.

AO Must Adhere to TPO’s ALP in International Transactions: Delhi HC

April 11, 2024 156 Views 0 comment Print

Delhi High Court rules AO can’t deviate from Transfer Pricing Officer’s determined Arm’s Length Price (ALP) in international transactions, upholding assessee’s writ petition.

Madras HC condones Delay in Income Tax Return filing by co-op credit society

April 11, 2024 3141 Views 0 comment Print

Read the full text of Madras High Court’s judgment on condoning the delay in income tax return filing by Kalvadangam Primary Agricultural Co-operative Credit Society Limited.

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