#income tax act
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Norms for filing TDS/TCS returns

Income Tax – It is impermissible to convert assets to cash and thereafter impound the same;

Madras HC says blending and bottling of IMFL is 'manufacture' , eligible for deduction under Sec 80IB

CBDT is duty bound to refer matter to transfer pricing officer of international transaction exceeding Rs. 5 crores

Income Tax – damages paid for non-fulfillment of contractual obligations – allowable expenditure – But, any sum paid for infraction of law, not allowab

Presumptive tax net may expand to Include Taxi and bus fleet owners and contractors providing raw materials, electrical work and furniture in civil

TDS – deduction to be treated as tax payment from the person from whose income tax was deducted

SC decision on tax for companies doing both agriculture and trade

Taxability of damages for breach of contract

FBT on ESOPs – CBDT amends Rule 40C

Govt vets new tax regime to tighten grip on individuals

Infosys case – SC rules every benefit is not taxable as income;

I-T – Settlement Commission – mandatory payment of interest new provisions challenged

Stricter norms for tax audited accounts justified
Explore the latest income tax act 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.
