The tribunal considered whether inconsistent explanations alone justify treating cash deposits as unexplained income. It held that...
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 examined whether the reasons given for late filing of the appeal were sufficient. It ruled...
ITAT Delhi held that Oracle India Private Limited is an independent legal entity and existence of Oracle...
ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no...
Advertising payments on Google Ads attract 2% TDS under Section 194C of the Income Tax Act. Businesses...
The High Court set aside the provisional attachment of property under the Income Tax Act after finding...
Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section...
The Income Tax Department conducted surveys across multiple cities after AI analysis revealed significant discrepancies between transactional...
The proposed amendments rationalise tax provisions, simplify reporting rules, and introduce clearer deductions and exemptions. The reforms...
ITAT Delhi deleted additions under Sections 68 and 69C after finding that the assessee received and repaid...