The Mumbai ITAT found that the assessment order was passed without granting a reasonable opportunity to the...
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 sent the issue of deduction for political donations back to the Assessing Officer after finding...
The Tribunal held that AY 2010-11 was outside the permissible ten-year assessment block computable under Section 153A....
The Tribunal held that donations qualifying under Section 80G do not become ineligible merely because they are...
Despite withdrawal of many tax benefits under Section 115BAC, official duty-related allowances remain exempt to the extent...
Tax auditors must now report all purchases and sales of unquoted shares under Clause 47 of Form...
The Tribunal held that a genuine and reasonable explanation for delay justified condonation of nearly three years....
The workbook provides structured annexures for balance confirmations, statutory dues, bank reconciliations, loan reporting, and comparative analysis,...
ITAT held that the assessee discharged the primary burden under Section 68 by producing complete documentary evidence...
The ITAT dismissed the appeal after a rectification order under Section 154 granted the deduction under Section...