#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.

Central Board of Direct Taxes (CBDT) announces amendments to Industrial Park Scheme

Scholarship/ stipend received by a student for pursuing higher studies cannot be treated as salary

Foreign nationals working in India will be exempt from fringe tax

Taxability of Software Payments

Condition precedent for claiming exemption under section 54 of IT Act: ITAT, Hyderabad

The CBDT has notified new Return Forms for A.Y. 2008-09

Budget Highlights on Taxation Front

Gratuity payment under the Payment of Gratuity Act, 1972 or otherwise exempt to the extent covered under the Income Tax Act

Norms for filing TDS/TCS returns

Income Tax – It is impermissible to convert assets to cash and thereafter impound the same;

Madras HC says blending and bottling of IMFL is 'manufacture' , eligible for deduction under Sec 80IB

CBDT is duty bound to refer matter to transfer pricing officer of international transaction exceeding Rs. 5 crores

Income Tax – damages paid for non-fulfillment of contractual obligations – allowable expenditure – But, any sum paid for infraction of law, not allowab

