ITAT Mumbai quashes reassessment and ₹1.25 crore Section 68 addition where AO merely relied on Investigation Wing...
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 Surat holds diamond grading charges paid to GIA USA not taxable as FTS where services did...
ITAT Mumbai allows section 11(2) accumulation claim of NSE Investor Protection Fund Trust and deletes interest under...
ITAT Mumbai allows Section 80G deduction for eligible CSR donations despite disallowance of CSR expenditure under Section...
ITAT Mumbai allows KPMG’s unbilled revenue write-off and dismisses ₹4.03 crore Section 40(a)(i) TDS disallowance. The post...
Calcutta HC allows superannuation and gratuity deficit contributions and deletes PF/ESI disallowance where regulations prescribe no due...
ITAT Chennai dismisses Revenue appeal, upholding depreciation on amalgamation goodwill and vendor compliance expenses for AY 2018-19....
ITAT Nagpur quashes Maheshwari Coal’s assessments for AY 2014-15 to 2020-21, holding section 153D approval invalid for...
ITAT Rajkot restricts freight disallowance to Rs.23 lakh and upholds relief on bogus creditors, gift, cash credits...
ITAT Chennai deletes additions under Sections 41(1) and 68 where credits were old and not related to...