elying on Supreme Court precedent, the Court upheld ITAT’s finding that reopening based on reappraisal of existing...
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 government introduces unified safe harbours, faster APAs, and reduced litigation burdens to enhance certainty for multinational...
Even under the new tax regime, employer contributions to NPS remain deductible under Section 80CCD(2). This reduces...
Budget 2026 introduces a six-month window to regularise undisclosed foreign assets with reduced penalties and immunity under...
The ITAT Bangalore held that penalty under Section 270A for alleged underreporting and misreporting of income could...
Indian tax law taxes not just salary but also perquisites like rent-free accommodation, company cars, and stock...
Budget 2026 replaces certain procedural penalties with fixed fees, aiming to reduce tax litigation and enhance compliance...
The Draft Income-tax Rules, 2026 require salaried taxpayers to disclose their relationship with landlords, enabling enhanced scrutiny...
The Tribunal held that reassessment under Sections 147/148 is invalid when the assessment year is the year...
The Tribunal held that revision under Section 263 is invalid where the Assessing Officer examined records and...