The ITAT Amritsar reduced additions on unexplained cash deposits after considering that the assessee and his wife...
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 ITAT Amritsar remanded a case involving denial of section 54B exemption where the assessee relied on...
KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that...
India’s new PAN compliance framework introduces stricter documentation and verification requirements for NRIs and foreign entities. The...
The Delhi High Court held that additional documents already referred to in a criminal complaint can be...
The Delhi High Court held that shareholders of a foreign company cannot be taxed on the company’s...
The article explains how gems and jewellery businesses must distinguish compliances governed by the Income-tax Act, 1961...
ITAT Mumbai held that addition under Section 69A could not survive when based solely on a third-party...
The Patna ITAT upheld rejection of a trust’s Section 12AB registration after finding that the trust deed...
The High Court held that documents received through official international channels carry presumption of genuineness but must...