The Bill retains corporate tax rates while rationalising MAT and offering targeted incentives for IT, cloud services,...
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 tribunal held that additions made solely on the basis of a statement recorded from an employee...
This covers how unexplained credits and investments are taxed under Sections 68 to 69D. The key takeaway...
The case involved a penalty for alleged non-disclosure of a foreign bank account. The Tribunal held that...
The ruling held that reassessment proceedings initiated after the permissible period were legally unsustainable. The decision reinforces...
The issue was whether timely issuance was enough when notice was served after limitation. The court held...
Madras High Court held that Tax Recovery Officer doesn t have authority to declare mortgage as void-ab-initio....
The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and...
The scheme allows eligible taxpayers to disclose undisclosed foreign assets or income with immunity from prosecution. The...
Relying on precedents including rulings of the Delhi High Court, the Tribunal held that extrapolation across years...