The ITAT Jaipur held that deduction under Section 54F cannot be denied merely due to delay in...
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.
Resident taxpayers holding foreign assets or financial interests may be required to file returns and disclose such...
The Tribunal held that generalized investigation reports cannot substitute for concrete evidence against an assessee. Since the...
The High Court set aside the Single Judge’s order and remitted the matter for fresh consideration following...
The Delhi High Court held that personal-use disallowance principles applicable to individuals cannot automatically apply to companies....
The High Court upheld the ITAT’s restriction of disallowance to 6% of alleged bogus purchases, holding that...
The ITAT Hyderabad held that no under-reporting of income existed where the income declared in the return...
The Delhi High Court held that RTI replies showing tax return filings and bank entries did not...
The Rajasthan High Court held that proceedings cannot be initiated against a person who has already expired....
State Bank of India Vs ACIT (ITAT Mumbai) The Mumbai Bench of the Income Tax Appellate Tribunal...