Understand Income Tax Faceless Assessment, notices, online replies, show cause process, video hearings, assessment orders, appeals and...
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.
Faceless Assessment uses AI, data analytics and electronic proceedings under Section 144B to ensure transparent, efficient income-tax...
Form 112 replaces Forms 10B and 10BB for NPO audit reports under section 348, with simplified, technology-enabled...
ITAT Delhi remanded the assessment after the AO passed the final order without incorporating DRP directions, directing...
ITAT Indore sets aside multiple 12A/12AB and 80G rejections, directing fresh consideration for technical errors, non-compliance and...
Kolkata ITAT set aside sundry creditor additions and directed the AO to issue a specific show-cause notice...
Kolkata ITAT held that ₹36.53 crore accommodation entries could not be taxed under Section 68, directing 0.15%...
Indian businesses entering the US can choose direct exports, distributors or subsidiaries, with tariffs, transfer pricing, ODI...
Jaipur ITAT set aside rejection of 12AB and 80G applications and directed CIT(E) to reconsider evidence regarding...
Gujarat HC quashes Form 10 condonation rejection, directing delay condonation for AY 2016-17 after trust invested surplus...