ITAT Delhi held that Section 69A could not be invoked where the Assessing Officer himself accepted that...
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 Mumbai ITAT held that exemption under Section 54F has to be given effect before applying set-off...
The Supreme Court dismissed the challenge to a Bombay High Court order condoning delay in filing Form...
An analysis of capital and revenue receipts under tax law, explaining classification, taxability, judicial tests, and key...
This blog explains the concept of TDS and Advance Tax in a simple and practical manner along...
Avoid common AY 2026-27 ITR filing errors, including deadline confusion, capital gains mistakes, AIS mismatches, and missed...
ITAT Delhi upheld deletion of disallowance under Section 40A(3) after finding that payments were made to multiple...
ITAT Delhi confirmed deletion of addition on alleged diversion of interest-bearing funds, holding that hypothetical or notional...
ITAT Indore set aside the appellate order denying TDS credit after the assessee produced Form 16A and...
The ITAT Ahmedabad held that a demolished and uninhabitable structure could not be treated as a residential...