The case highlights that TDS applies to multiple income categories including salary, interest, and contracts. It reiterates...
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 tax framework significantly reduces complexity by cutting sections, rules, and forms. It improves readability through...
The Tribunal held that the Indian entity was only a distributor and not a technology or content...
The Tribunal held that penalty under Section 271(1)(c) cannot be imposed when additions are made on an...
The Tribunal clarified that filing of original return is not mandatory for claiming exemption under Section 54....
The Tribunal held that additions based solely on third-party statements and Excel sheets are unsustainable without independent...
The Court held that indirect share transfers deriving value from Indian assets are taxable. Treaty benefits were...
The Tribunal invalidated reassessment proceedings since the Section 148 notice was issued after 01.04.2021, making it time-barred....
Courts held that investment in under-construction property qualifies as construction under Sections 54/54F. Deduction cannot be denied...
CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect...