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.
Income Tax : Overview of income tax rules for compulsory land acquisition: capital gains are taxed upon initial compensation receipt (Sec 45(5)...
Income Tax : Overview of tax treatment for a salaried employee, covering fully and partially taxable allowances (HRA, transport), standard dedu...
Income Tax : Understand the tax rules for capital gains on compulsory land acquisition (Section 45(5)), including the taxation of initial and e...
Income Tax : Section 194T, effective April 2025, mandates a 10% TDS on firms' payments (salary, interest, etc.) to partners exceeding ₹20,000...
Income Tax : Know about TAN under Section 203A of the Income Tax Act—its purpose, applicability, application process, forms, penalties, and k...
Income Tax : Govt. confirms no changes to the process of tax exemptions for STs in Meghalaya, clarifying no certificates are needed to claim ex...
Income Tax : Explore Income Tax Day 2024s history, significance, and key updates from Budget 2024-25, including enhanced deductions and revised...
CA, CS, CMA : KSCAA addresses glitches in the Income Tax portal, highlighting challenges faced by taxpayers and professionals, in a representati...
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...
Income Tax : Live webinar – Taxation Critical Issues & Solution Did you know our Indian Tax System is extremely vulnerable? Let me te...
Income Tax : The Bombay High Court stayed orders treating PCMC as an assessee in default for not deducting TDS on issuance of TDRs, holding tha...
Income Tax : Limitation under Rule 68B of the second schedule to the Income Tax Act did not apply to RDDB Act (Recovery of Debts Due to Banks a...
Income Tax : The ITAT Chandigarh ruled in Arun Dhir vs DCIT that a lump sum in lieu of pension is exempt under Section 10(10A), rejecting the n...
Income Tax : The Tribunal confirmed a co-operative banks use of a mixed accounting system (mercantile/receipt basis) for NPA interest, prioriti...
Income Tax : Kerala High Court held that appeals on identical issue can be disposed by passing single order containing single DIN. Thus, passin...
Income Tax : The official copy of the Income Tax Act, 2025, is now available. Download the full text to review new tax rates, compliance rules,...
Income Tax : Summary of the Taxation Laws (Amendment) Act, 2025, covering new tax exemptions for pension funds and foreign investors, and chang...
Income Tax : Learn about the latest changes in Income Tax Rules, 2025. Key amendments include updates to ITR forms and provisions for capital g...
Income Tax : Notification 102/2024 designates Auroville Foundation as an approved institution for social science research under the Income Tax ...
Income Tax : UIDAI's specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT n...
Get insights into the Madras High Court’s ruling on mandatory video-conference hearings under Section 144B of the Income Tax Act. Read the detailed judgment and its implications.
Delhi High Court sets aside CCI’s order, ruling that penal interest can’t be imposed without following proper procedure. Detailed analysis of Geep Industries (India) Pvt. Ltd. & Ors Vs Competition Commission of India.
Assessee was incorporated in Japan and was in the business of providing telecommunication services. Assessee provided fixed, mobile, wholesale, and associated telecommunication services across the globe.
Assessee had issued share application money and subsequently allotted shares which showed that the transactions were genuine and there was no material brought on record by tax authorities that the assessee had benefited from round-tripping, therefore, ITAT had deleted the addition made u/s 68.
Understand how to claim Foreign Tax Credit in India through Form 67. Learn the criteria, due dates, steps, and essential tips for efficient tax filing.
Discover beneficial provisions under Income Tax for labour and businesses. Learn about exemptions, deductions, and GST implications for labour supply
Explore the tax implications of lump sum out-of-court settlements for employees in India. Learn how recent cases shape tax liabilities and exemptions
In ITO Vs Saivi Finance Pvt Ltd, ITAT Delhi restores the matter back to AO due to denial of natural justice, assessees not given chance to cross-examine persons whose statements were used against them.
Read the full text of the judgment/order of Orissa High Court in the case of Surjit Kumar Dhal vs State of Odisha (EOW). Senior journalist accused of duping Rs.1 crore for approvals.
In the case of Dipak Kumar Agarwal Vs Assessing Officer, Allahabad HC rules that the power of the assessing authority to decide on the release of seized assets is not automatically abated after 120 days under S.132B(1)(i) of the Income Tax Act.
