Direct tax collections as on 13 July 2026 show 16.11% growth in gross collections and 16.40% growth...
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.
Bangalore ITAT deleted Section 40(a)(ia), notional interest, ICDS and Section 68 additions, citing Form 26A compliance and...
Bangalore ITAT remanded FD interest addition, directing verification of fund ownership and held Form 26AS alone is...
Bangalore ITAT held entire alleged bogus purchases cannot be added where sales are accepted, restricting the addition...
Bangalore ITAT held TP adjustments apply only to international AE transactions and upheld verified capacity, working capital...
ITAT Delhi reduced the Section 69A addition to ₹5 lakh, holding the cash deposits were substantially supported...
ITAT Delhi condoned delay under Section 249(3) and remanded the appeals after finding breach of natural justice...
Calcutta HC quashed the Section 148 notice and Section 148A(3) order, holding the alleged escaped income was...
ITAT Lucknow upheld deletion of a Section 68 addition, finding cash deposits explained by books, stock records,...
The Calcutta High Court considered a writ petition challenging the order dated 30.06.2025 passed under Section 148A(3)...