Hyderabad ITAT deletes ₹8.66 lakh Section 69A addition and rejects 60% Section 115BBE rate for AY 2017-18,...
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.
Panaji ITAT quashed Section 147 reassessment where no addition was made on cash deposits forming the reopening...
Nagpur ITAT held BSNL VRS-2019 compensation is capital receipt and retrenchment compensation exempt under Section 10(10B), not...
Hyderabad ITAT deleted ₹12.69 lakh Section 69A addition after bank and loan statements established the source of...
Madras HC permits appointment of an income tax advocate to examine records and facilitate settlement of a...
Kerala HC declines writ intervention over Section 10(16) exemption, holding stipend-versus-salary classification a factual issue for statutory...
ITAT partly allows DBS Bank appeals, restricting guarantee commission adjustment to 0.46%, treating forward-contract gains as capital...
ITAT remands ₹1.08 crore DLP expenses for fresh verification, upholds ₹2.19 crore bad debt claim and deletes...
Kerala HC directs issuance of certified KVAT assessment order copy within one week and keeps recovery proceedings...
Delhi HC dismisses writ challenging Section 148 reassessment proceedings, holding the order reasoned and directing the assessee...