The Tribunal addressed disallowance arising from mismatch between ITR and tax audit report. It held that inadvertent...
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 case involved additions for unexplained bank deposits where the assessee later produced authenticated NRE account evidence....
The Court dismissed the SLP due to a 390-day delay and absence of valid grounds. The ruling...
The High Court followed its earlier ruling that interconnect service charges are not taxable as royalty. The...
Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including...
ITAT Kolkata remands case on disallowance of subcontractor expenses, stressing need for evidence, due diligence, and verification...
The issue was whether a reassessment notice issued by a jurisdictional officer instead of a faceless officer...
The Tribunal held that addition under Section 41(1) cannot be made without proof of actual cessation of...
The Tribunal ruled that surrender of tenancy rights occurs only upon receiving new property possession. As possession...
The issue involved taxing capital gains from a development agreement in multiple years. The court held the...