Bombay HC quashes Section 148 reopening as the same Section 115JB issue was examined and accepted during...
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.
Bombay HC quashes Section 148 reassessment proceedings beyond four years, finding complete disclosure and no failure to...
Bombay HC quashes Section 148 reopening, holding Section 54 deduction was examined in original assessment and reopening...
ITAT Chennai deletes Section 69A addition on demonetisation cash deposits, finding the assessee substantiated cash availability and...
CBDT introduces simplified tax forms under the Income-tax Act, 2025, with new formats, quarterly filing timelines and...
Income Tax Department outlines SFT reporting forms, due dates, transaction thresholds, correction requirements and penalties under the...
CBDT introduces Forms 138 and 140 from April 1, 2026, replacing 24Q/26Q with simplified quarterly TDS reporting...
ITAT Jodhpur allows Section 11 exemption despite delayed Form 10B, as the audit report was available with...
Bangalore ITAT deleted ₹58.20 lakh under Section 69A, accepting agricultural income accumulated over earlier years as the...
Hyderabad ITAT held delay impliedly condoned after CIT(A) decided the appeal on merits and remanded the matter...