ITAT set aside the Section 263 revision order holding that the PCIT could not direct initiation of...
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.
ITAT deleted interest disallowance under Section 36(1)(iii), holding the assessee had sufficient interest-free own funds to invest...
Taxation and Other Laws (Amendment) Bill, 2026 proposes changes to the Income-tax Act, Finance Act and Payment...
Understand the distinction between Specified Person and Designated Person under the Income-tax Act, 2025 and their role...
Explains taxability of seafarer salary under the Income-tax Act, covering residential status, NRE credits, CDC rules and...
Government outlines detection of wrongful tax relief claims, CBDT data analytics, NUDGE campaigns, inter-agency coordination and compliance...
CBDT notifies District Legal Services Authority, Charkhi Dadri under Section 11 of the Income-tax Act, 2025 for...
ITAT Pune held Section 80P(4) does not bar a housing co-operative society from claiming deduction under Section...
ITAT Panaji allowed deduction under Section 80P(2)(d) on interest from Goa State Co-operative Bank, holding Section 80P(4)...
ITAT Panaji allowed Section 80P(2)(d) deduction on interest from deposits with Goa State Co-operative Bank, holding Section...