ITAT Mumbai allows 12AB renewal and 80G approval, holding that absence of a formal trust deed cannot...
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 Mumbai deletes Rs. 475.73 lakh notional rent addition, allows related expenses, and grants depreciation on moulds...
ITAT Chandigarh quashes a Section 148 notice issued on 01.04.2022 for AY 2015-16 and consequential assessment and...
ax audit under Section 44AB for FY 2025-26: business and professional limits, ₹10 crore threshold, presumptive taxation,...
ITAT Delhi deletes Section 68 addition as no evidence linked the assessee to penny-stock price rigging, entry...
Jaipur ITAT dismisses Revenue appeal, holding Section 87A rebate allowable on STCG under Section 111A for AY...
ITAT Delhi quashes a Section 148 notice issued on 03.04.2022 for AY 2015-16, holding it invalid and...
Delhi HC quashed delayed Section 271C penalty SCN, holding unexplained delay in initiating proceedings after revenue action...
ITAT Ahmedabad upheld rejection of books of accounts under section 145(3) and estimation of net profit at...
ITAT Mumbai deletes Rs.46 lakh section 68 addition, holding assessee discharged its onus and AO failed to...