#income tax act
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ESOP Expenditure Allowed as Revenue Expenditure; Section 14A Disallowance Cannot Exceed Exempt Income;

Taxability of Deemed Dividend (Section 2(22)(e)) Limited to Shareholder

Penalty notice u/s 271(1)(c) without specifying exact limb is bad-in-law

Section 205 restricts direct demand where TDS is deducted from income

Interest from investment in bank governed by Co-operative Societies Act is eligible for deduction u/s 80P(2)(d)

In Section 119(2)(b) Applications PCIT should decide on Condonation, Not Merit

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

SC Upholds Charitable Status of Water and Land Management Institute

Complain about violation of principles of natural justice unjustified as opportunity to make submissions granted

ITAT Allows Bonus Deduction under Section 43B of Income Tax Act

Mechanical approval under Section 153D of Income Tax Act is invalid

Revenue not allowed to add reasons to reasons recorded at the time of reopening notice u/s 148

Mere Four Days to Respond to IT Act Section 148A(b), SCN Deemed Invalid

Kerala HC: No Income Tax on MACT Compensation; Directs TDS Refund
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.
