Gujarat HC upheld a Section 148 notice, holding reassessment valid where unexplained property investment and cash payment...
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.
Gujarat HC upheld the Tribunal’s order granting Section 12AB registration, holding the Trust’s main objects were for...
Learn the legal framework for trust formation, registration, governance, compliance, trustees’ duties and beneficiary rights under Indian...
ITAT Chennai deletes penalties under Sections 41 and 43 of BMA, holding non-disclosure of ESOP shares in...
Madras HC holds Section 153A search assessment valid; loose sheets & sworn statements have evidentiary value and...
ITAT Pune holds ex-gratia compensation received under BSNL VRS 2019 exempt as retrenchment compensation under Section 10(10B)...
ITAT allowed full exemption for BSNL VRS retrenchment compensation under Section 10(10B), granted leave encashment exemption under...
Supreme Court dismissed Revenues appeal, holding that books cannot be rejected under Section 145 merely due to...
ITAT upheld denial of Section 10(38) exemption and Section 68 addition on alleged sham share transactions while...
ITAT upheld deletion of a Section 68 addition on demonetisation cash deposits after finding the deposits were...