#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.

No addition can be made on the basis of mere statement recorded during survey

HUF can’t claim deduction u/s. 54F for property purchased by Individual in his individual capacity

Depreciation on discarded machinery allowable, if used for business purposes in earlier years

Taxability of Pick-Up and drop facility provided by employers?

What is to be assessed as income from lottery is only the actual income received and not any notional income

Stock Exchange card is not an intangible asset eligible for depreciation U/s. 32 (1) of the Income Tax Act 1961

Allowability of expenses towards penalty and damages in compensatory nature

Revision under section 263 of IT Act, 1961 is not reassessment

Cost Inflation Index for FY 2009-10/ AY 2010-11

LLP act provides lot of benefit to foreign investors

Depreciation on goodwill is allowable under the Income Tax Act, 1961

Treatment of profit on sale of shares when Assessee hold shares for more than 12 months

CBDT delivered a headblow to the Assessee Engaged in Propelling Growth of the Nation

