ITAT held that CPC cannot deny charitable exemption under section 11 through section 143(1) adjustment without issuing...
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 held that unsupported DCF valuation could not justify high share premium. The addition under Section...
The Tribunal held that a short delay caused by hospitalisation must be condoned when supported by evidence....
The ITAT condoned a 66-day delay after accepting that the trust was unfamiliar with the income-tax e-filing...
The Court held that an assessee cannot be denied TDS credit or saddled with tax demand when...
The new law replaces dividend-style taxation on buybacks with capital gains treatment. Retail investors now pay tax...
The Finance Bill, 2026 replaces automatic tax-free redemption with strict eligibility conditions. Only original subscribers holding bonds...
The issue highlighted is Budget 2026’s failure to address everyday compliance and procedural problems. The key takeaway...
The Bill retains corporate tax rates while rationalising MAT and offering targeted incentives for IT, cloud services,...
The tribunal held that additions made solely on the basis of a statement recorded from an employee...