Chennai ITAT held that the enhanced leave encashment exemption limit of Rs.25 lakh under CBDT Notification No.31/2023...
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.
Tribunal ruled that market value for captive power consumption must be based on the tariff charged to...
Delhi High Court held that even if the father may not qualify as a Class-I heir under...
ITAT Indore held that delayed filing of Form 10E due to Covid-19 related circumstances should not automatically...
The Calcutta High Court refused to entertain the Income Tax Department’s appeal after finding that the Revenue...
The Tribunal ruled that deemed dividend provisions require evidence of withdrawal from a company in which the...
ITAT Delhi held that notional interest on business advances cannot be taxed without actual accrual or receipt...
The Tribunal observed that once the Revenue accepted sales arising from the same goods, it could not...
The ITAT Mumbai held that a reassessment notice cannot be treated as valid merely because it carried...
ITAT Bangalore held that sale of 25 plots did not amount to an adventure in the nature...