ITAT admits bank and CDSL evidence under Rule 29 and remands penny-stock loss for fresh adjudication, leaving...
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.
ITAT Pune upholds ₹9.92 crore LTCG on urban land but directs deletion of ₹6.50 lakh interest disallowance...
ITAT Mumbai remands WhatsApp-based sections 69A and 69C additions for transaction-wise verification, ownership determination and fresh adjudication....
Income from House Property under the Income-tax Acts 1961 and 2025, covering annual value, deductions, self-occupied property...
Mumbai ITAT restores appeal to CIT(A) to examine section 249(4)(b) first and then the section 69 addition...
Key tax audit mistakes involving Rs. 10 crore and Rs. 1 crore thresholds, presumptive taxation, turnover, cash...
Mumbai ITAT deletes ₹4.95 crore section 68 additions, holding that low returned income cannot by itself establish...
ITAT Mumbai deletes nil ALP adjustment for support services, allows working-capital adjustment and excludes functionally dissimilar comparables....
ITAT Mumbai admitted additional evidence on a ₹1.30 crore loan and remanded the Section 68 issue for...
Homebuyers must deduct TDS on every property installment. Delayed builder intimation can result in interest, notices and...