Supreme Court dismissed Revenues appeal, holding that books cannot be rejected under Section 145 merely due to...
Income Tax
Income tax in India is a direct tax imposed on individuals, businesses, and other entities based on their income. Understanding income tax is essential for proper financial planning and compliance with government regulations. This section provides comprehensive resources covering income tax slabs, ITR filing, deductions, exemptions, and the latest updates for FY 2025–26.
Whether you are a salaried employee, freelancer, or business owner, you can explore detailed guides below to learn how to calculate your tax, file returns, and maximize eligible deductions. Stay informed with the latest income tax rules, deadlines, and expert insights to manage your taxes efficiently.
ITAT upheld denial of Section 10(38) exemption and Section 68 addition on alleged sham share transactions while...
ITAT upheld deletion of a Section 68 addition on demonetisation cash deposits after finding the deposits were...
ITAT deleted the Section 69A addition on demonetisation cash deposits after finding the recorded cash sales, stock...
ITAT deleted the Section 68 addition on ₹2.74 crore cash deposits, holding that recorded sales, audited books,...
Article explains Section 82 treatment of under-construction flat allotments, CBDT circulars, judicial precedents, and practical tax planning....
Article analyses Finance Act, 2026 retrospective amendments and discusses the constitutional test for validating legislation and pending...
Delhi HC held secondment reimbursements taxable as FTS, set aside ITAT orders, and remanded professional services issues...
Delhi HC upheld the AAR ruling that secondment payments created a service PE and attracted tax deduction...
ITAT Mumbai dismissed the Revenue’s appeal, upholding deletion of TDS demands under Sections 194H and 194A by...