The Tribunal held that overseas shares acquired from reinvested dividends cannot be taxed as undisclosed assets when...
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.
Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay...
The court held that tax authorities cannot rely on earlier findings already set aside by appellate bodies....
The dispute concerned the correct terminal point for computing six assessment years under section 153C. The Tribunal...
The Tribunal held that revision under section 263 is invalid where the Assessing Officer has already conducted...
The ruling clarifies that mere reproduction of third-party information alleging disproportionate assets is insufficient. The Assessing Officer...
The Tribunal noted that no construction investment occurred during the year under appeal. Accordingly, no addition for...
It was ruled that under-reported revenue cannot be inferred solely from service tax data when no defects...
Tribunal held that unsecured loans cannot be treated as unexplained where confirmations, bank statements, and tax returns...
It was ruled that reassessment proceedings must be initiated only through the faceless mechanism after the CBDT...