#income tax act
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Deduction u/s. 80-IB(10) on YOY basis to builders/developers showing profit on partial completion method

Expenditure on replacement of machinery is capital expenditure

The Direct Taxes Code Bill, 2009 – Minimum Alternate Tax on Companies

The Direct Taxes Code (DTC) Bill 2009 – Capital Gains Tax

Outright purchase of plant know-how in the form of technical / engineering data, design, drawings is not royalty subject to withholding taxes

Analysis of Circular no. 7/2009 issued to withdraw earlier circular pertaining to non-resident taxation

Expenditure on convertible debentures held to be deductible

S. 90 Relief in computing TDS u/s.192

Scope of clause (a) of explanation to S. 115JB —the amount of Income-tax paid or payable, and the provision therefore

Notification No. 93/2009 – Income Tax Dated 9/12/2009

Scope of appeals from ITAT orders u/s. 260A of Income-tax Act, 1961 and S. 15 of N.T.T. Act, 2005

Assessments and Monitored Assessments under the Income-tax Act, 1961

Disallowances u/s.14A of Income-tax Act

Notification No. 92/2009 – Income Tax Dated 8/12/2009
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.
