The Central Government, in the Union Budget 2026, has proposed an important amendment concerning employee welfare funds....
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.
Courts have held that reassessment proceedings must be based on the reasons recorded before issuing notice under...
The Tribunal ruled that a bona fide technical mistake in selecting the wrong section code while applying...
The Madras High Court quashed the rejection of a condonation application, holding that the delay in filing...
ITAT Delhi held that a trust registered under Section 10(23C)(iv) was required to file Form 10BB instead...
The Court issued notice in a plea to quash criminal proceedings where the applicant argued that alleged...
This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash...
The High Court held that reopening an assessment merely because the tax officer formed a different view...
The Supreme Court declined to entertain the revenue’s SLP after noting that a fresh notice had already...
The Court found that the Assessing Officer had knowledge of the amalgamation before issuing the assessment orders....