ITAT held that Section 153C cannot be invoked where the satisfaction/hand-over date is after 01.04.2021, quashing multiple...
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 unexplained cash credit addition cannot survive once identity, genuineness, and creditworthiness are established...
This article explains why agricultural income lies outside the Income-tax Act and how constitutional provisions grant exclusive...
The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses...
The Tribunal held that delayed responses to statutory notices do not attract penalty when full compliance is...
Tribunal held that cash found and seized cannot be treated as unexplained when it is fully reflected...
The Tribunal held that for years where assessments were already completed, additions under Section 153A cannot survive...
The Tribunal held that interest on income-tax refund is taxable in the year of receipt and qualifies...
The case examined whether short delays in filing mandatory exemption forms during the pandemic could be condoned....
The Tribunal held that a deduction cannot be disallowed merely due to delayed filing of Form 10CCB...