The issue was whether reassessment notices issued after the permissible surviving period were valid. 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 issue is when High Courts can entertain appeals against ITAT orders. The key takeaway is that...
The government notified a settlement guarantee fund for income-tax exemption under Section 10(23EE). The benefit applies from...
The Court set aside a 3.5% TDS certificate after the PE finding relied upon by the Revenue...
While search proceedings were still pending, the Court permitted release of seized jewellery and cash after petitioners...
Gujarat High Court held that reopening of assessment u/s. 147 of the Income Tax Act solely on...
The ruling clarifies that specified sum under section 269SS refers to advances linked to property transfers. Cash...
It was ruled that speculative losses from non-genuine share transactions cannot be adjusted against interest income. The...
Exemption was curtailed because the auditor reported application from past accumulations. The Tribunal ruled CPC acted correctly...
The matter was sent back as the appellate authority did not examine the plea for allowance in...