The Tribunal ruled that a bona fide technical mistake in selecting the wrong section code while applying...
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 Madras High Court quashed the rejection of a condonation application, holding that the delay in filing...
ITAT Delhi held that a trust registered under Section 10(23C)(iv) was required to file Form 10BB instead...
The Court issued notice in a plea to quash criminal proceedings where the applicant argued that alleged...
This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash...
The High Court held that reopening an assessment merely because the tax officer formed a different view...
The Supreme Court declined to entertain the revenue’s SLP after noting that a fresh notice had already...
The Court found that the Assessing Officer had knowledge of the amalgamation before issuing the assessment orders....
ITAT Hyderabad held that reassessment proceedings were invalid because the notice under Section 148 was issued by...
A significant change proposed in the current Union Budget relates to the disallowance of deduction of interest...