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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

Set-off of short-term capital losses, subject to STT, allowable against short-term capital gains not subject to STT

In order to have a charity, you must have a source of income

Income-tax (Twelfth Amendment) Rules, 2009 – Amendment in rule 11N

SC will decide on applicability of TDS on payments made to state-owned BSNL and MTNL for interconnectivity by private players

Trade advance given to give effect to a commercial transaction can not be treated as deemed dividend

Notification No. 64/2009 – Income Tax Dated 1/9/2009

Notification No. 63/2009 – Income Tax Dated 31/8/2009

Implications of the draft code
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.
