The High Court held that TCS under Section 206C(1C) applies only to lease or licence holders paying...
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.
The Court held that reassessment proceedings cannot be quashed merely due to factual disputes. In absence of...
The Tribunal held that once depreciation on goodwill is allowed in the first year, it cannot be...
The ITAT held that an assessment and appellate order passed without effective participation, allegedly due to notices...
The High Court held that a reassessment notice issued after expiry of the six-year period under the...
The Court found no merit in interfering with the High Court’s order setting aside a belated reassessment...
The law now taxes debt-heavy funds, MLDs, and certain international products as short-term at slab rates. Investors...
The Supreme Court confirmed that reassessment powers under Section 148 cannot be used to bypass the statutory...
The Court held that reassessment based solely on material seized in a third-party search must proceed under...
The Supreme Court refused to interfere with the High Court’s direction to process Section 10(46) applications. The...