The Gujarat High Court upheld the ITAT order restricting disallowance on alleged bogus purchases to 6% instead...
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 article explains how equity mutual funds, PMS, and AIFs are taxed compared to Fixed Deposits under...
The ITAT Mumbai set aside the CIT(A) order after finding that crucial survey findings and Tally data...
The Income Tax Act, 2025 replaces Sections 44AD, 44ADA, and 44AE with a unified Section 58 framework....
Rule 46(8) of the Income-tax Rules, 2026 requires businesses maintaining electronic books to create daily backups on...
CBDT’s 2026 amendment strengthens grandfathering protection for investments made before the commencement of GAAR. The clarification addresses...
The Tribunal held that notice under Section 148 was invalid as it was issued by an officer...
The Tribunal found that the transfer pricing adjustment was incorrectly computed using SEB sale rates. It allowed...
The issue involved estimation of income based solely on bank credits without supporting verification. The Tribunal remanded...
The court held that only the income component of alleged bogus purchases can be taxed, not the...