#income tax act
Log in to FollowLatest income tax act updates, provisions, case laws, compliance requirements, tax implications and expert analysis under Income-tax law on TaxGuru.

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

Tax losses need to be carefully evaluated during acquisition

Conversion of FCEBs into shares or debentures of any company shall not be treated as a ‘transfer’ within the meaning of Income-tax Ac

ACIT or DDIT can act as AO of an assessee only when they are conferred with such jurisdiction by CBDT

Expenses paid or credited in the month of March are allowable if TDS paid on or before due date of filing Income Tax Return

I-T department moved SC challenging relief given by Bombay HC seven and half year back to Amitabh Bachchan in a case related to KBC

Notification No. 858 – Income Tax Dated 25/3/2009

Change in procedure related to Certification of remittance outside India by a Chartered Accountant (CA)

Where income is shared by two or more persons, credit for withholding tax is to be shared in same ratio

I-T dept considering tax imposition on carbon credits
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.
