Bombay HC set aside the income-tax demand and refund adjustment as the Department failed to produce 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.
ITAT Delhi quashed the assessment after holding that the Section 143(2) notice was issued by an Assessing...
ITAT Delhi quashed Section 148 reassessment as separate transactions could not be aggregated to meet the ₹50...
Ahmedabad ITAT quashed reassessment where the Assessing Officer relied on red-flagged information without independent inquiry under Section...
ITAT Pune deleted capital gains holding no transfer occurred under Sections 2(47)(v) or 2(47)(vi) as no possession...
Tax litigation in India is becoming more complex as businesses and taxpayers deal with frequent notices, digital...
This comprehensive FAQ explains the TDS provisions applicable for AY 2026-27, including rates, thresholds, compliance obligations, and...
Learn how Section 161 of the Income-tax Act, 2025 establishes the arm’s length principle for international and...
Learn why taxpayers must deposit unutilized capital gains into a Capital Gains Account Scheme (CGAS) before the...
The ITAT held that reassessment proceedings were invalid because the Revenue failed to provide the mandatory approval...