The article explains the complete evolution of buyback taxation in India, highlighting how tax liability shifted between...
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.
Section 265 of the Income Tax Act, 2025 specifies who can legally verify an income tax return...
Tribunal observed that the Assessing Officer failed to establish any mismatch in stock, sales, or accounting records...
ITAT Hyderabad held that constituent members of a JV or Consortium can claim deduction under Section 80IA(4)...
The Tribunal found that full payment, TDS deduction, and transfer of possession established completion of the transaction...
ITAT Indore held that appellate order violated principles of natural justice after finding that key hearing notices...
The Delhi High Court held that a reassessment notice without physical signature remains valid when the name...
Court upheld the validity of the Section 148 notice but set aside the assessment order after finding...
ITAT Delhi held reassessment orders invalid because the assessee was not supplied with the recorded reasons for...
Tribunal reiterated that credits brought forward from earlier financial years cannot ordinarily be taxed under Section 68...