The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate reforms 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 new Income Tax Act, 2025 renames charitable and religious entities as Registered Non-Profit Organisations and consolidates...
Courts have ruled that notices or orders issued by a Jurisdictional AO under the faceless regime are...
ITAT Hyderabad held that notices under Section 148 issued on 01.04.2021 without following mandatory Section 148A procedures...
The issue was whether an assessment could be reopened after four years. The Court held that full...
The court held that reopening beyond the permissible period was invalid where full disclosures were made and...
The Tribunal held that earning income as a percentage of hospital turnover is commercial, not charitable. Section...
The tribunal ruled that Section 50C could not apply because the DVO’s valuation ignored the impact of...
ITAT Hyderabad held that the final assessment order passed by the A.O. u/s. 143(3) r.w.s. 144C(13) r.w.s....
ITAT Hyderabad held that matter of TP adjustment of purchase of raw materials, assembling parts and sale...