The law now proposes a single consolidated assessment-cum-penalty order for under-reporting of income, reducing multiple proceedings and...
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 Finance Bill, 2026 proposes to disallow interest deductions against dividend and mutual fund income. From April...
The faceless assessment added all bank deposits as unexplained income without examining the commission-based business structure. The...
The Income-tax portal now allows digital filing of condonation requests for delayed trust forms. The key takeaway...
Industry expects higher exemption limits, revised slabs, and expanded deductions to increase disposable income and improve voluntary...
This session breaks down the major income tax amendments announced in the Union Budget 2026 in a...
This explains how the new law defines “income” using an inclusive approach rather than a fixed list....
This explains how salary income is taxed under Sections 15 to 19 of the 2025 Act. The...
The law mandates successor entities to file modified returns within six months of a reorganisation order. This...
Income-tax attachments can halt business and personal finances. Relief depends on identifying the correct legal trigger and...