ITAT dismisses Revenue’s appeal, holding Section 14A disallowance cannot exceed exempt income earned by the assessee during...
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 Bangalore allows CSR-linked Section 80G deduction subject to verification, remands repairs claims and rejects education cess...
Mumbai ITAT remanded Section 35(2AB) R&D deduction issue to AO to ascertain reasons for DSIR’s non-certification and...
Mumbai ITAT held that Section 263 could not be invoked where allotment letters and bank receipts established...
ITAT Nagpur deleted the Rs. 36.13 lakh addition, holding the reassessment unsustainable where the recorded reasons concerned...
ITAT Kolkata holds omitted Section 92BA(i) could not sustain TP proceedings and restores expenditure issue to AO...
ITAT Delhi quashes reassessment where no addition was made on the recorded reopening reason and deletes Section...
ITAT Kolkata deletes domestic transfer pricing adjustment after Section 92BA(i) was omitted, holding proceedings under the omitted...
ITAT Ahmedabad quashes the Section 92BA(i) TP adjustment, holding the omitted provision non-existent and the TPO/AO action...
FAST-DS 2026 offers eligible small taxpayers a time-bound route to disclose foreign assets and income, with specified...