#income tax act
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Salary Income -Valuation of Perquisites

Valuation of Perquisites other then accommodation, motor car and ESOP for financial year 2009-2010

Section 197 – Certificate of lower deduction or non-deduction of tax at source

Derivative transactions prior to amendment in section 43(5) (effective from AY 2006-07) are speculative transaction

If Assessee already paid tax then interest can not be recovered further u/s. 234A, 234B or 234C

Allowability of depreciation on the Bombay Stock Exchange Membership Card

Section 14A submission accepted by AO can not be sent back to AO for reconsideration by tribunal

Revised rules for valuation of perquisites for F.Y. 2009-10 & amp; onwards

Short term capital losses subject to STT can be set off against Short term capital gains not subject to STT

Payments made by telecasting companies to satellite companies for telecommunication or broadcasting constitutes royalty

Allowability of difference between market price & issue price of ESOP

Section 144A of the Income-tax Act, 1961 – Power of Joint Commissioner to issue directions in certain cases – Scheme for improving quality of assessments

Conversion of DTA unit to STPI unit – eligible for deduction under Section 10A

Capital gain tax on Transfer of redevelopment rights?
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.
