#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.

CBDT extended time limit for filing application for recognition u/s. 80G: ITAT Jaipur

Interest on loans allowable as deduction u/s. 48 prior to A.Y. 2024-25: ITAT Kolkata

Govt. Clarifies Tax Exemption for STs, No New Proposals

Rate increase u/s. 115BBE from 30% to 60% effective only from 01.04.2017: Madras HC

Mere reporting in GST return doesn’t make amount taxable under Income Tax: ITAT Ahmedabad

Writ to evade payment of statutory deposit during pendency of statutory appeal not permissible

Grant-in-aid incurred wholly and exclusively for business is deductible: ITAT Delhi

Sale of property taxable under capital gain as rent income assessed under house property

Addition u/s. 69C deleted as outstanding trade creditors clearly established: ITAT Chennai

Compensation for cancelling allotment due to non-delivery in time is capital receipt

Addition u/s. 69A to extent of redeposit of cash withdrawn untenable: ITAT Bangalore

Tax Rate on Long Term Capital Gains on Listed Securities Increased To 12.5%

Allowing Premature Redemption of Sec 54EC Bonds Beyond Court Scope: HC

