Chennai ITAT restored appeals on agricultural income exemption under Section 10(1), directing fresh adjudication after giving 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.
Bangalore ITAT allowed set-off of brought forward losses under Section 72 to an educational trust assessed as...
Article discusses a possible Section 54F computation issue in the AY 2026-27 ITR Utility under amended Section...
ITAT deleted additions, disallowances and Section 271AAC penalty after accepting evidence on rent, advances, opening balances and...
ITAT restored the capital gains and Section 54F dispute to the Assessing Officer after admitting additional evidence...
ITAT quashed the Section 263 revision, holding the PCIT could not revise a reassessment on issues beyond...
ITAT quashed Section 263 revision, holding reassessment could not be revised on issues unrelated to the reasons...
ITAT deleted Section 40(a)(i) disallowance on global overhead charges, restricted Section 14A disallowance, remanded transfer pricing adjustment,...
ITAT held TDS provisions inapplicable on stockist discounts, ESOP grants and delayed payment interest to MSMEs, dismissing...
Bangalore ITAT quashed a tax demand raised through a computation sheet, holding it cannot exceed the findings...