#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.
Finance
Finance
Many Companies following financial year from January-December extended their accounting period to follow April-March cycle
Income Tax
Income Tax
If the income is surrendered with the condition that no penalty be imposed, then the AO not justified in imposing the penalty
Income Tax
Income Tax
Concessional rate of tax for foreign oil exploration and production companies
Income Tax
Income Tax
Income earned by CA from audits will not be entitled to relief U/s. 80RR
Income Tax
Income Tax
SC would decide whether foreign airlines liable to deduct TDS on commissions to travel agents for rendering ticketing services.
Income Tax
Income Tax
Section 144A of the Income-tax Act, 1961 – Power of Joint Commissioner to issue directions in certain cases – Scheme for improving quality of assessments
Income Tax
Income Tax
Section 197 – Certificate of lower deduction or non-deduction of tax at source
Income Tax
Income Tax
Tribunal got the power to rectify mistake apparent from the record but not empowered to rectify its own under u/s. 254(2)
Income Tax
Income Tax
Unilateral remission/cessation of liability by assessee will amount to obtaining of benefit under section 41(1)
Income Tax
Income Tax
Salary Income -Valuation of Perquisites
Income Tax
Income Tax
Valuation of Perquisites other then accommodation, motor car and ESOP for financial year 2009-2010
Income Tax
Income Tax
Derivative transactions prior to amendment in section 43(5) (effective from AY 2006-07) are speculative transaction
Income Tax
Income Tax
If Assessee already paid tax then interest can not be recovered further u/s. 234A, 234B or 234C
Income Tax
Income Tax
