The Tribunal held that the assessee had adequately explained the source of cash deposits with supporting evidence....
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.
ITAT Delhi held that companies owning and operating channels cannot be compared with distribution company for the...
The scheme allows households to deposit gold and earn interest without selling it. The key takeaway is...
The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues...
The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such...
The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation...
ITAT Mumbai held that payments made to third-party vendors on a cost-to-cost basis, without any value addition...
The Tribunal held that consolidated Excel entries showing aggregate cash sales were insufficient to establish receipt of...
The Tribunal deleted purchase disallowances after noting invoices, transport records, weighbridge slips, tax returns and bank payments...
The issue was whether a share transfer without consideration constituted taxable capital gains. The Tribunal held that...