The provisions regulate acceptance, payment, and receipt of cash beyond specified limits. They impose strict penalties to...
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 concerns tax relief for foreign investors in infrastructure. The key takeaway is that specified funds...
The Tribunal addressed denial of leave encashment exemption restricted to ₹3 lakh. It held that the revised...
The Court directed the jurisdictional authority to consider the delay condonation request after PAN transfer. It held...
The case examined whether disallowance under section 94(7) should be limited to exempt dividend. The Tribunal held...
The case examined whether settlement of a corporate guarantee liability qualifies as business expenditure. The Tribunal held...
Income not falling under primary heads is taxed under Income from Other Sources. The provision ensures comprehensive...
The ruling holds that deposits made from surplus business funds are part of operational activity. Interest earned...
The case examines whether penalty can be levied when the quantum issue is admitted by the High...
The issue was denial of deduction under Section 54F as a fresh claim not made in return....