The issue involved estimation of income based solely on bank credits without supporting verification. The Tribunal remanded...
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 court held that only the income component of alleged bogus purchases can be taxed, not the...
The tribunal held that interest cannot be disallowed where advances to related parties are made for business...
The relocation did not lead to structural enhancement of business assets. The Tribunal ruled that such expenses...
The Tribunal accepted the delay caused by representative’s illness as sufficient reason and admitted the appeal. It...
The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The...
The Tribunal relied on Supreme Court precedent to hold that interest on tax arrears is compensatory, not...
The Tribunal held that excess stock found during survey had direct nexus with business operations. It ruled...
The issue involved additions based on alleged bogus purchases without VAT payment. The Tribunal remanded the matter...
The Tribunal upheld TDS liability where tax was deducted only on part of the property value. It...