This covers how unexplained credits and investments are taxed under Sections 68 to 69D. The key takeaway...
Income Tax
Income tax in India is a direct tax levied on individuals and businesses based on their income. This section covers everything you need to know about income tax including tax slabs, ITR filing, deductions, and compliance.
Browse our detailed guides below to understand income tax rules, filing process, and latest updates for FY 2025–26.
The case involved a penalty for alleged non-disclosure of a foreign bank account. The Tribunal held that...
The ruling held that reassessment proceedings initiated after the permissible period were legally unsustainable. The decision reinforces...
The issue was whether timely issuance was enough when notice was served after limitation. The court held...
Madras High Court held that Tax Recovery Officer doesn t have authority to declare mortgage as void-ab-initio....
The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and...
The scheme allows eligible taxpayers to disclose undisclosed foreign assets or income with immunity from prosecution. The...
Relying on precedents including rulings of the Delhi High Court, the Tribunal held that extrapolation across years...
The Tribunal held that once business receipts are taxed on an estimated basis, separate additions for payments...
The Budget introduces a new Income-tax Act, eases compliance, and rationalises penalties. The key takeaway is a...