This ruling clarifies that repayment of loan with interest, coupled with documentary proof, negates allegations of unexplained...
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.
Relying on Supreme Court precedent, the Tribunal held that the IBC has overriding effect over the Income-tax...
The Tribunal held that a reassessment notice issued to a company already struck off from the ROC...
Applying judicial relief on Section 115BBE, the remaining tax demand fell below the prescribed threshold. The ruling...
The Tribunal ruled that purchases cannot be treated as bogus merely because suppliers did not reply to...
The Tribunal ruled that cash deposited during demonetisation came from genuine business sales already offered to tax....
The Tribunal held that documented WhatsApp communications established counsel’s negligence and the assessee’s due diligence, justifying condonation...
The ITAT held that once a resolution plan is approved under the IBC, income-tax proceedings cannot continue....
This article outlines major direct and indirect tax expectations from Budget 2026–27. The key takeaway is a...
The Budget is expected to further rationalise import duties to offset high metal prices and strengthen global...