Tribunal held that TDS liability under section 194-IA cannot arise unless Revenue proves that payment was actually...
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 reassessment proceedings initiated after the statutory limitation period were invalid. Following the Supreme...
The Tribunal held that an addition based solely on third-party search material without corroboration is unsustainable. With...
The Tribunal examined whether a creditor’s unilateral write-off automatically results in cessation of liability for the assessee....
The ruling clarified that exemption under section 54F cannot be denied if it was not part of...
Recognising the role of a Kaccha Arhtia, the Tribunal ruled that only commission constitutes income. TDS deducted...
The Tribunal examined whether a large consultancy payment was allowable when the assessee failed to establish its...
The assessing authority made a large addition without explaining its nature or legal basis. The Tribunal ruled...
The Tribunal observed that the transfer pricing adjustment was based on unexplained margin calculations. A fresh working...
Taxpayers are facing revival of decades-old demands without prior notice or service of orders. The key takeaway...