#income tax act
Log in to FollowThe 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.

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

FBT on ESOPs – CBDT amends Rule 40C

Taxability of damages for breach of contract

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

Tax paid by employer is not a perk

Post Office Deposit now Eligible for Deduction Under Section 80C

Income Tax Department to furnish information sought Under RTI within Two weeks

By its very nature, the power to rectify a mistake would not result in the recall and review of the order sought to be rectified.

Principles for reckoning of limitation period for completion of block assessment

