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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

Services rendered outside India but used in India is taxable in India

ITAT upheld Section 147 reopening as AO had tangible material in his possession

Bonus Share Issuance Not Subject to Section 56(2)(vii)(c): ITAT

Salary not taxable in India in terms of Article 15(1) of India-Netherland DTAA

Section 271(1)(c) Penalty Not Automatic for Wrong Claims; Requires Proof of Lack of Bona Fides

Additional claim not allowable u/s. 43B(a) as assessee not legally obliged to pay customs duty

Form 10B FAQs (A.Y. 2023-24): Answers to Common Questions

Section 143(2) Notice Mandated When Assessment Differs from Filed Return

Delay in filing of an appeal by departmental officers not condoned in absence of sufficient cause
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.
