The issue was whether third-party diaries and loose papers could establish receipt of unaccounted income. The Tribunal...
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.
This ruling clarifies that an assessee can be treated as an agent of a non-resident only if...
The Tribunal examined whether prior approval under Section 153D was granted after due application of mind. It...
It was ruled that deciding appeals based on facts of another year is a serious legal error....
The tax department has begun emailing taxpayers about pending demands shown on the portal. This explains why...
Income Tax Department was directed to encash the Demand Draft, confirm the sale, and issue the Sale...
The issue was whether a trader declaring income under Section 44AD could face additions for unexplained cash...
The Tribunal held that NFAC had no authority to pass reassessment orders before the faceless reassessment notification...
It was ruled that interest for late filing of the original return can be computed based on...
The Tribunal ruled that exemption for charitable trusts cannot be denied merely due to belated filing of...