The Court held that input tax credit cannot be restricted to the month of invoice when business...
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 issue addressed is fragmented and complex compliance for NPOs under earlier law. The new Act consolidates...
The issue was whether purchases could be treated as bogus based on investigation reports. ITAT held that...
The issue was whether machinery replacement qualifies as current repairs. The Court held that replacement creating enduring...
The Court held that rejecting condonation solely because the assessment year was not mentioned in the circular...
The Tribunal held that purchases cannot be treated as bogus when supported by invoices, bank payments, and...
The issue involved whether fresh scrutiny could be initiated after filing a modified return under Section 170A....
Kerala High Court set aside ITAT orders as mechanical and non-speaking, holding that the Tribunal failed to...
The Tribunal held that unsigned excel sheets without supporting evidence cannot justify additions. It ruled that absence...
The case explains how dividend income is taxed based on residential status and type of investment. It...