ITAT

Income Tax ITAT Tax News

Income Tax Slabs & Rates โ€“ Easy Guide

Introduction – Income Tax Slab Rates Every year when the Budget is announced, taxpayers wait eagerly to know one thing: โ€œHow much tax do I have to pay?โ€ The answer lies in the Income Tax Slabs and Rates. The slab system makes taxation progressive. This means people with lower incomes pay less (or no tax),

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GST ITAT SC-2025 Supreme Court

SC 2023: Corporate Guarantee Without Consideration Not Taxable

1. Background of the Case The case concerns corporate guarantees and whether issuing them amounts to a โ€œtaxable serviceโ€ under the indirect tax regime before GST (i.e., under the Finance Act, 1994). The Revenue (tax department) believed that when a company issues such guarantees, it is offering a service, similar to how a bank charges

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ITAT-2025

Role of the Supreme Court in Indian Democracy

Introduction The Supreme Court of India is not just a court of law; it is the guardian of the Constitution, the protector of fundamental rights, and the final interpreter of justice. Since its establishment on 26th January 1950, the Supreme Court has played a pivotal role in shaping Indian democracy. In a nation as vast,

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Income Tax ITAT

๐Ÿ’ฐ Income Tax in India: A Complete Guide for 2025

Income Tax is one of the most significant pillars of Indiaโ€™s financial system. It is more than just a lawโ€”it is a social contract between citizens and the State. Through taxes, individuals and businesses contribute to the common pool, which the government then redistributes in the form of infrastructure, social welfare, healthcare, education, and national

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