The Supreme Court has fined the Income Tax Department ₹10 lakh for making “misleading statement” about the pendency of an appeal and said that the apex court is
Individuals who have purchased property from non-residents find themselves grappling with several income tax-related challenges. To begin with, it’s difficult to determine the seller’s tax status (whether he
62650790 Fraudulently claiming tax refunds by misreporting income or showing false losses which reduce taxable income can attract heavy penalties. Section 270 of the ncome Tax Act was amended in
Overruling its 21-year-old verdict, the Supreme Court today said that when there is ambiguity in tax exemption notification, the benefit of such uncertainty must be interpreted in favour
The CBDT chief also directed that a compliance report on these cases should be sent to the board every three months and a publicity campaign should be undertaken
The Calcutta High Court, last week held that the addition to income can be made on the basis of balance sheet and profit and loss accounts certified to
Instant e-PAN allotment (Beta version) in near to real time is available free of cost for limited period. Individuals (other than minors) with a valid Aadhaar number (with
One cannot file belated Return for AY 2017-18 Scanned copy of 142(1) notice need to be attached and the same to match with system data in Assessee’s login.
The income-tax department will in all likelihood go into overdrive in the next three months with the Central Board of Direct Taxes — the apex body — alerting
