ITAT Delhi held that payments made by an employees’ welfare society to members, including death claims and...
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 tribunal ruled that reassessment proceedings for a period prior to the approval of an NCLT resolution...
The Supreme Court refused to condone a delay of 262 days in filing the Special Leave Petition...
ITAT Mumbai held that reassessment initiated without approval from the correct authority under Section 151 is invalid....
The Supreme Court upheld the invalidation of an assessment order issued in the name of a company...
The Income-tax Act, 2025 introduces Form 141 to replace Form 26QB from April 2026. The change aims...
The new Income-tax Act, 2025 retains the obligation to maintain books of account under Section 62. Businesses...
The Tribunal held that capital gains from property transferred to a spouse without consideration must be taxed...
The Tribunal held that reopening beyond three years requires sanction from higher authorities under Section 151(ii). Since...
The Tribunal held that Section 269SS does not apply when cash is received as part of final...