#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.

Direct Tax code may take all benefit away from Factories, Business Processing Units and software development firms inside SEZ

Accounting and Provisions of Minimum Alternate Tax (MAT)

Notification No. 62/2009 -Income Tax Dated 18-08-2009

Deduction to be allowed under any other provision of Chapter VI-A with the heading ‘C’ is to be reduced by amount of deduction allowed u/s. 80-IB/80-IA

Direct Tax code will benefit more to people in higher income group

TDS u/s 194A of the Act is to be paid by the recipient in respect of the interest income on the delayed payment

Applicability of TDS in case of Third Party Administrator (TPA) providing health insurance claim services

Income Tax Department conducting investigations regarding frozen Demat Accounts

Representation by BCA to FM on difficulties being faced/likely to be faced by Assessees while filing Return of Income

Guidance note on Accounting for Depreciation in Companies issued by ICAI

Undistributed dividends of foreign corporations controlled or owned by Indian companies will be taxed in the near future

Chartered Accountants can do excise audit but Cost accountant not included u/s. 288 of the Income Tax Act, 1961

Builders need to pass on Housing tax benefit to home buyers otherwise benefit may not be extended in future

