The case explains the statutory framework governing appeals and revisions under the Income-tax Act. It highlights the...
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 framework outlines different assessment types to verify income and tax liability. It ensures accuracy through self,...
The depreciation provisions applicable from Tax Year 2026-27 have undergone a significant structural change. With the enactment...
ITAT Delhi held that Advertisement, Marketing & Promotion expense [AMP expense] incurred by Make My Trip wholly...
The issue was fragmented TDS compliance through multiple forms. The new framework consolidates them into Form 141,...
The issue concerns complexity in the existing TDS/TCS provisions. The new framework consolidates sections and introduces coding...
The issue concerns taxation of online cricket gaming winnings. The framework mandates a flat 30% tax with...
The new tax framework significantly reduces the number of rules and forms, aiming to simplify compliance. It...
The Tribunal held that additions based on presumptions without evidence cannot be sustained fully. It reduced the...
The Tribunal held that exemption cannot be denied merely because the purchase agreement was unregistered. Substantial payment...