CBDT introduces simplified Form 104, erstwhile Form 10A, for provisional NPO registration and approval under the Income-tax...
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.
CBDT introduces simplified Form 39 under section 157(1) for salary arrears and specified receipts, with smart filing...
ITAT Delhi deleted the addition after finding the AO exceeded limited scrutiny and ignored a valid revised...
ITAT Jaipur set aside 12AB and 80G rejections, holding that notice issuance without proof of service denied...
ITAT Cochin denied Section 80-IB(10) deduction where the housing project occupied below one acre and personal-residence land...
ITAT Chandigarh restored 12AB and 80G issues for fresh review, requiring examination of actual activities and the...
ITAT Ahmedabad restricted a ₹76.62 lakh bogus purchase addition to 12.5% after corresponding sales were accepted and...
ITAT quashes Section 263 revision after finding Section 92BA(i) omitted and AO had verified specified domestic transactions...
ITAT Mumbai upholds deletion of Section 40(a)(ia) disallowance where TDS-related payments were capitalised as Work-in-Progress and not...
ITAT Chennai dismisses Revenue appeal, holding Section 92BA(i) omission invalidated the TPO reference and consequential domestic TP...