#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.

True basis of depreciation allowance is the character of the asset not the description of the same

Income From Other Sources- Section 56 (2)(Vii) Unequal treatment of all equals

AAR on taxability of income from execution of contract in India by German company, having no PE in India

Satisfaction of the AO and determination of Expenditure in relation to income which is not includible in total income

Applicability of TDS on payment made to legal advisors at Hongkong

Undisclosed income of the partnership firm can not be assessed in the hand of the partners

Leviability of Penalty under section 271D if Assessee have reasonable cause for borrowing in violation of section 269SS

New Tax Code – Favouring the Millionaires and Bullying the Others

Notification No. 78/2009 – Income Tax Dated 12/10/2009

Critical Areas on Direct Tax Code for Detailed Examination Identified: FM

Provision of Limitation Act, 1963 not applicable to Limitation Period specified for filing appeal under Section 260A (2) of the Income Tax Act, 1961

Applicability of MAT on Revaluation Reserve credited to profit and loss account

The depreciation cannot be taken as ‘notionally allowed’, but only as ‘actually allowed’

