Madras High Court sets aside the 16.07.2026 demand and directs the Income Tax Department to reopen the...
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.
Chennai ITAT restricts section 272A(2)(e) penalty to the period available for filing a belated return under section...
Gujarat HC holds Explanation 3 to Section 147 cannot cure reassessment where no addition is made on...
ITAT Mumbai Special Bench holds MEIS rewards taxable as revenue receipts under Section 2(24)(xviii) from AY 2016-17....
ITAT Chennai condones 1,221-day delay and allows ₹11.27 lakh leave encashment exemption under the enhanced ₹25 lakh...
ITAT Delhi restricts demonetisation cash deposit addition to Rs. 5 lakh and directs normal-rate taxation instead of...
Jharkhand HC quashes GST orders against deceased proprietor and leaves department free to pursue claims against legal...
ITAT Chandigarh deletes Rs.58.50 lakh cash deposit addition after finding the assessee was abroad and deposits were...
ITAT Delhi holds Rajasthan Pulses taxable at 25% where FY 2017-18 turnover was below Rs.400 crore, despite...
ITAT Hyderabad holds Section 69A inapplicable to recorded cash rent payments and remands source verification to the...