The Tribunal held that the scope of enquiry at the registration stage is limited to objects and...
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.
Observing that the assessee invested the entire share of sale proceeds within two years and obtained possession,...
Booking.com platform earning of commission income is not taxable in India since AO has failed to discharge...
ITAT Mumbai held that securitisation trusts, cannot be assessed as an AOP, are revocable within the meaning...
ITAT Mumbai held that the disallowance under section 14A of the Income Tax Act read with rule...
The Supreme Court upheld the High Court’s ruling that reassessment beyond three years requires sanction under Section...
The Delhi High Court held that reassessment beyond three years requires approval under Section 151(ii). Notices issued...
The Supreme Court dismissed the Revenue’s plea and affirmed that TCS under Section 206C(1C) applies only to...
The High Court held that TCS under Section 206C(1C) applies only to lease or licence holders paying...
The Court held that reassessment proceedings cannot be quashed merely due to factual disputes. In absence of...