#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.

Confirmation of addition by CIT(A) in absence of any evidence u/s 69A justified

Addition u/s 68 impermissible as income estimated u/s 44AD of the Income Tax Act

Section 40A(2) governs allowability of expenditure relating to specified domestic transaction

Revenue cannot compute notional interest u/s. 13(2)(a) of Income Tax Act

TDS u/s. 194H not deductible as payments to gateway providers are not brokerage

Issuance of notice and passing of order against non-existent entity is bad-in-law

Mechanical issuance of notice u/s 148 of the Income Tax Act is unsustainable

Contribution received from commodity exchange exempt i/s. 10(23EC) of Income Tax Act

No TDS on Joint Venture Payments Without Contractual Relation

Expense incurred for earning income chargeable under income from other source allowable as deduction u/s 57(iii)

Compensation for delay in handing over possession of property is allowable as business expense

Income Tax Act Section 43CA Provisions Effective Since April 1, 2014

Addition u/s 68 of Income Tax Act based on retracted statement unsustainable

