#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.

Advance Ruling on entitlement of a non-resident company inter alia to benefits of section 55(2)(b)(i) of IT Act in respect of bonus shares allotted to it by an Indian company

Advance Ruling on taxability of an Australian company for providing basic engineering services to an Indian company under an agreement

Notional advantage will not form part of actual rent received

Major amendment in Fringe Benefit Tax applicable from A.Y. 2009-2010

Deemed payment of tax by the employee where FBT on securities (ESOPs) allotted to him is recovered by the employer

Changes in TDS Payment Challan & TDS return Applicable from 01.04.2009

Five year tax holiday for hotels located in specified districts having a world Heritage Site U/s Section 80-ID of the Income Tax Act, 1961

Sunset provision for deduction for refining of mineral oil under subsection (9) of section 80-IB

Additional deduction U/s 80D for health insurance premium / mediclaim premium paid for parents

40A shall also be attracted where cash payments made to a single party exceeds twenty thousand rupees in a day.

Reverse mortgage created under a scheme made and notified by the Central Government shall not be regarded as a transfer U/s. 2(47)

Income of Sikkemese individual is exempt from Income Tax w.e.f. A.Y. 1990.91

Income derived from saplings or seedlings grown in a nursery shall be deemed to be agricultural income

