Explains new income-tax cash limits on expenses, receipts, and loans. Highlights that exceeding thresholds can lead to...
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 Tribunal held that ad hoc disallowance of labour expenses without concrete evidence is unsustainable. It ruled...
The tribunal held that capital gains from share buyback are not taxable in India under treaty provisions....
The new Form 26 replaces multiple audit forms with a single structured framework. It enhances transparency and...
ITAT held that reassessment notice issued after three years without PCCIT approval violates Section 151(ii). The approval...
ITAT upheld deletion of penalty as the exemption issue was pending before the High Court. The assessee...
ITAT remanded the case as authorities failed to determine whether the assessee was a society, trust, or...
The Tribunal held that the assessee failed to substantiate the source of cash deposits during demonetization. Mere...
The Tribunal held that the assessee could not deduct tax due to binding interim directions of the...
The tribunal held that addition under Section 69C is not valid where expenditure is properly recorded and...