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Guidance note on Clause 17A of 3CD report – Amount inadmissible u/s. 23 of the Micro, Small and Medium Enterprises Development Act, 2006

Assessment, Reassessment, Best Judgement Assessment and related provisions

Taxability of Income to American company by allowing use of its database located abroad to customers in India

Warrant of authorization decides whether a person has been subjected to search or not

Direct Tax code may bring ULIP & Life Insurance Plan under tax net

IRDA extend deadline for collection of PAN by one month

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
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.
