#income tax act
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Limit for Liability to pay advance tax increased to 10000 from existing 5000

Payment in cash to transporters upto 35000 allowed from 01.04.2009

CA been allowed to do Excise Audit, Cost Accountant fear their profession may become redundant

Government merged the Authority for Advance Rulings (AAR) for direct and indirect taxes

TRO may enquire in respect of benami property for recovering the outstanding demand of the assessee

Applicability of section 44BB of the IT Act on mobilization/ demolization charges received by a non-resident foreign company

Section 118 of the Income-tax Act, 1961 – Control of income-tax authorities – Notified subordinate officers

Frequently Asked Question on fringe benefit tax (FBT) PART- 4

Frequently Asked Question on fringe benefit tax (FBT) PART- 3

Frequently Asked Question on fringe benefit tax (FBT) PART- 1

Revised return which is a defective return filed under any of the provisions of the IT Act can be rectified

Government may hike Home Loan interest Payment exemption to Rs 2.5 lakh

If revenue believes that Assessee evaded tax by furnishing fake or exaggerated bills then they need not disclose the reason of search & seizure

Provision for Gratuity not to be added to calculate book profit U/s. 115JB of the Income-tax Act
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.
