Registration was cancelled over doubts about a large NRI donation. The Tribunal held that receipt of donation...
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 article analyses proposals to expand tax-free income and rationalise slabs, arguing that higher thresholds would better...
Explains how agricultural income is defined under the Income Tax Act and why it is exempt under...
Tax liability depends on days spent in India, not citizenship. Understanding ROR, RNOR, and NR status determines...
The Tribunal held that reopening beyond three years is impermissible where alleged escaped income is below ₹50...
One of the main ways the government raises money is through taxes, which also have a big...
The High Court granted a second opportunity after finding that assessment orders were passed without reply, as...
High Court held that compensation received for termination of trademark rights in AY 1997-98 was a capital...
The Tribunal upheld penalty for non-filing of return under Explanation 3 but ruled that computation must reduce...
ITAT Amritsar upheld rejection of 12AB registration after finding that only ₹2.51 lakhs out of ₹40 lakhs...