The article explains how the coexistence of GloBE and GILTI leads to different tax outcomes for similarly...
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 article explains that tax authorities often disallow intra-group charges where evidence of actual services is missing....
ITAT Mumbai Accepted Ignorance & Accountant’s Default as Sufficient Cause for Delay in Appeal Filing
ITAT Mumbai Accepted Ignorance & Accountant’s Default as Sufficient Cause for Delay in Appeal Filing
The Tribunal examined whether delay in filing appeal was justified under section 249(3). It held that sufficient...
The Tribunal examined whether addition under Section 68 could be made without seized evidence. It held that...
For nearly three decades, the India-Mauritius DTAA of 1983 was the golden corridor for foreign capital flowing...
HUF allows families to create a separate tax entity with its own PAN and ITR, enabling income...
Form 130 becomes the new TDS certificate from April 2026 under the 2025 Act. The key takeaway...
The tribunal held that systematic sports training and self-defence instruction to students constitute education under Section 2(15)....
ITAT Denies Section 10(10D) Exemption as Assignment Does Not Alter Nature of Keyman Insurance Policy
ITAT Denies Section 10(10D) Exemption as Assignment Does Not Alter Nature of Keyman Insurance Policy
The case involved exemption claim on maturity of an assigned Keyman Insurance Policy. The Tribunal held that...
The case involved denial of remaining depreciation where machinery was used for a short period. The Court...