Rules 307–311 of the Draft Income-tax Rules, 2026 outline how pension funds must purchase annuities, restrict commutation,...
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.
Draft Income-tax Rules 2026 prescribe definitions, trust conditions, investment rules, and limits on employer contributions for approved...
The tribunal held that exemption for a statutory housing authority depends on whether housing units were sold...
The Court held that rejection of condonation for a 50-day delay in filing Form 10B was improper...
The Tribunal refused to condone an 840-day delay in filing an appeal where the assessee claimed the...
The Tribunal held that a trust engaged in educational activities for the public cannot be labelled religious...
The Tribunal found that the taxpayer had filed Form 68 seeking immunity from penalty but the request...
The Tribunal ruled that exemption under Sections 11 and 12 cannot be denied by aggregating separate shareholdings...
The Court ruled that a person who is neither a director, shareholder, nor employee of a company...
The SC dismissed a challenge to sanction notices for income tax prosecution, holding that objections including validity...