Representation urges CBDT to issue an Office Memorandum implementing the Union Budget 2026–27 proposal reducing stay deposit...
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.
Pune ITAT held that selecting the wrong Form 10AB section is a curable defect, restored the Section...
Enhanced ITR reporting of non-income receipts may improve cross-verification of gifted funds and application of clubbing provisions...
Chennai ITAT deleted Section 271D penalty on ₹3.50 lakh cash sale consideration disclosed in a registered property...
Chennai ITAT remanded Section 80G rejection, directing verification of expenditure under Section 80G(5B) and the trust’s actual...
Chennai ITAT deleted ₹7 lakh Section 69 addition after cash flow statement, declaration and balance sheets substantiated...
ITAT Bangalore remanded the working capital adjustment issue, directed TP adjustment only on AE transactions, and partly...
ITAT Delhi quashed a Section 263 revision, holding it was barred by limitation as the revision concerned...
ITAT allowed deduction under Section 80P(2)(d) on interest and dividend earned from cooperative banks by a credit...
Gujarat HC quashed Section 148 reassessment, holding it was based on presumptions despite the company’s clean-slate acquisition...