The court examined whether interest on FDRs could be taxed as other income. It held that where...
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 revisionary proceedings under 263 of the Income Tax Act justifiable since related-party expenses...
The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights...
The Tribunal held that failure to issue a jurisdictional transfer order under Section 127 invalidates the assessment....
The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office...
The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India....
The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law...
The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits....
The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective...
The Tribunal held that receipts from sponsorship and royalty were incidental to the promotion of sports. It...