Courts held that investment in under-construction property qualifies as construction under Sections 54/54F. Deduction cannot be denied...
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.
CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect...
The new Act retains the arm’s-length principle but introduces refined definitions, stricter compliance, and enhanced penalties for...
The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting...
The new Act removes the confusion between Previous Year and Assessment Year by introducing a unified Tax...
This covers how business income is computed under the Income-tax Act, including normal and presumptive methods. It...
ITAT Agra held that the assessee is entitled to claim deduction u/s. 10A of the Income Tax...
The ruling held that incomplete documentation or minor deficiencies cannot be sole grounds for denial of registration....
The Tribunal upheld deduction of ESOP expenses under Section 37(1) by relying on binding jurisdictional High Court...
Income Tax Department Ministry of Finance, Government of India DTAA & FTC Double Taxation Avoidance Agreement (DTAA)...