#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.
Income Tax
Income Tax
Notional interest not taxable as bank statement doesn’t show credit of any interest
Income Tax
Income Tax
Higher interest rate on unsecured loan taken for commercial expediency is admissible
Income Tax
Income Tax
Assessment order passed u/s 143(3) beyond time limit prescribed u/s 153 is time barred
Income Tax
Income Tax
Transfer of land as share of capital in AOP is taxable u/s 45(3) of Income Tax Act
Income Tax
Income Tax
Deduction u/s 10AA claimed in revised return cannot be disallowed
Income Tax
Income Tax
Deduction u/s 80P allowable only if claimed via valid return
Income Tax
Income Tax
Reassessing income without any incriminating material found during search is unsustainable
Income Tax
Income Tax
Deduction u/s 80HHE is allowed against gross total income
Income Tax
Income Tax
Proceedings u/s 153C invocable only when AO proves that material seized from third party belongs to assessee
Income Tax
Income Tax
Demanding tax on interest awarded under Land Acquisition Act by invoking jurisdiction u/s 263 unsustainable
Income Tax
Income Tax
Capital gain tax and What are the exemptions allowed
Income Tax
Income Tax
Denying eligible deduction u/s. 11 of Income Tax Act on technical basis is unjustifiable
Income Tax
Income Tax
Proportionate disallowance u/s 35AD justifiable as only one godown used for non-agricultural purpose
Income Tax
Income Tax
