The issue was whether retention money credited and subjected to TDS accrued as income. The Court held...
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 discounts given to stockists in pharmaceutical distribution are part of sale transactions on...
The Tribunal held that where reassessment is based solely on search material found during a third-party search,...
Following judicial criticism of delayed appeals, officers urged structural reforms to fix institutional gaps rather than penalising...
With repeated technical failures hampering compliance, officers requested formal absolution from blame. The letter emphasizes collective institutional...
The Tribunal held that corpus donations cannot be denied merely due to technical lapses like student collection...
The notification exempts defined categories of income of a legal services authority, while warning that violations may...
ITAT ruled that unverified electronic records recovered from a third party do not constitute reliable evidence of...
The government has approved an institution for scientific research under section 35(1)(ii), enabling donors to claim tax...
ITAT Mumbai held that goodwill arising from slump sale of a going concern is a depreciable intangible...