The Tribunal held that enhancement of income without issuing notice under section 251(2) is invalid. Such action...
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 new rules replace old form numbers with a structured sequence across categories. The update simplifies compliance...
Tax authorities are increasingly questioning decision logic behind TDS deductions. The lack of recorded reasoning in ERPs...
The reform replaces dividend-based taxation with capital gains to ensure only real income is taxed. It removes...
The update outlines revised compliance forms, timelines, and penalties under the new rules. It highlights a structured...
This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification impacts...
Transfer of passive infrastructure (PI) assets under a court-approved scheme of demerger without consideration qualified as a...
The Tribunal held that a development agreement granting only a limited license for construction does not constitute...
The Tribunal held that loan repayment cannot be treated as unexplained cash credit under section 68. The...
The Tribunal held that penalty under section 271(1)(c) cannot be sustained when identical facts in earlier years...