Starting April 1, 2026, India will implement a significant tax reform by replacing the Income-tax Act 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 Mumbai held that development fees collected from passengers was earmarked for capital expenditure towards modernisation and...
CIT Vs Patel Engg. Ltd. (Bombay High Court) The appeals before the Bombay High Court arose from...
The Tribunal found inconsistency between payment date and share allotment date, raising doubts about the transaction. It...
The court held that reassessment cannot be initiated on issues already examined during scrutiny. It ruled that...
Tribunal held that GST-based turnover differences cannot be taxed again when income was already recorded in prior...
The court examined whether delay in filing returns during insolvency proceedings constituted genuine hardship. It held that...
This guide explains why income is deemed to accrue in India under Sections 5 and 9 of...
The case explains how agricultural income remains tax-free under Section 10(1) but affects tax rates on other...
The new law replaces the 1961 Act to address excessive complexity and scattered provisions built over decades....