Learn how Section 87A rebate works with LTCG u/s 112A under the new tax regime for FY...
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.
Explains how the new tax regime under Section 115BAC impacts higher-income salaried taxpayers, analysing the 25% slab,...
The Tribunal remanded the case after finding that the addition was made solely on Investigation Wing inputs...
The ruling clarified that increased expenditure in one year, by itself, does not permit partial disallowance. The...
The High Court held that quick repayment alone cannot establish a paper transaction when identity, creditworthiness, and...
The draft rules cut down the number of rules and forms significantly through consolidation. This signals a...
This article explains how Section 54EC allows exemption from long-term capital gains through investment in notified bonds....
Revenue argued that control and fixed hours created employment. The Tribunal ruled that such controls ensure discipline...
The issue was how cryptocurrency income is classified for tax purposes. The framework holds that transfers fall...
The Revenue treated cash deposits as unexplained under Section 69A despite matching withdrawals and opening cash balance....