The ITAT Dehradun held that exemption under Section 54B cannot be denied merely for non-deposit in 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.
ITAT Delhi held that lawful TDS credit cannot be denied merely because the Assessing Officer overlooked an...
The Supreme Court dismissed the Revenue’s challenge to the Bombay High Court ruling that quashed a Section...
The updated ITR-1 form for AY 2026-27 expands eligibility to taxpayers with up to two house properties...
The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025....
The ITAT Visakhapatnam reduced a penalty under Section 271(1)(b) from Rs.30,000 to Rs.10,000 after treating non-compliance with...
ITAT Indore held that Section 54 exemption cannot be denied merely for failure to deposit capital gains...
The Delhi ITAT held that opening balances of unsecured loans cannot be treated as unexplained cash credits...
Sections 339 and 340 explain corpus and deemed corpus donations, investment conditions, and rules for religious place...
Calcutta High Court held that failure to investigate allocation of common head office expenses to eligible units...