Draft Income-tax Rules 2026 mandate Form 5 for preliminary expense statements under Section 44 and Form 6...
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.
Orissa High Court held that post search operation all pending assessments/reassessments doesn’t not automatically get abated as...
The Tribunal held that the disallowance of share purchase cost under Section 115BBE, arising from alleged bogus...
ITAT Bangalore held that revisionary power u/s. 263 of the Income Tax Act is not justifiable since...
ITAT Hyderabad held only ₹1.24 crore accumulation from A.Y. 1994-95 survives for possible Section 11(3) taxation; earlier...
Supreme Court held that commercial wisdom of Committee of Creditors [CoC] is non-justiciable. Stalling CIRP on account...
Rule 26 clarifies when payments exceeding ₹10,000 in cash will not face disallowance under sections 36(4) and...
ITAT Indore held that Section 249(4)(b) does not apply in reassessment proceedings where no advance tax obligation...
ITAT Raipur held that Section 249(4)(b) applies only where advance tax was legally payable. In absence of...
Rule 25 restricts depreciation to 40% WDV for specified taxpayers opting for concessional tax regimes. The rule...