Telangana HC held Section 148 notices dispatched on or after 1 April 2021 time-barred and quashed 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 Hyderabad held a Section 148 notice issued on 1 April 2021 invalid under the new regime...
upreme Court dismissed Revenue’s SLP and upheld Bombay High Court ruling allowing Section 10B exemption for a...
Bombay High Court upheld Section 10B relief for a new 100% EOU and sustained deletion of Rule...
Income Tax | Incorrect 12A Registration Clause Cannot Alone Defeat Trust Application: ITAT Ahmedabad
Income Tax | Incorrect 12A Registration Clause Cannot Alone Defeat Trust Application: ITAT Ahmedabad
ITAT Ahmedabad held that an incorrect Section 12A(1)(ac) sub-clause alone could not justify rejection where the correct...
Supreme Court dismisses Revenue’s challenge to Delhi HC ruling setting aside TDS demands on External Development Charges...
Karnataka HC quashes section 153C notices based on loose sheets and diaries, holding the proceedings contrary to...
Delhi ITAT allows ₹25,000 Section 87A rebate against STCG u/s 111A for AY 2025-26, holding later Finance...
Delhi ITAT allows rent, repairs and caretaker expenses u/s 57 against subletting income, partly allowing Suman Devi’s...
Income Tax | Penny Stock Label Alone Cannot Convert Exempt LTCG Into Section 68 Addition: Delhi ITAT
Income Tax | Penny Stock Label Alone Cannot Convert Exempt LTCG Into Section 68 Addition: Delhi ITAT
Delhi ITAT deleted ₹27.83 lakh LTCG addition & consequential commission addition for lack of evidence linking assessee...