Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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Bonafide Mistake

No penalty under section 271(1) (c) in case of concealment of income due to “bonafide mistake” by an assessee

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee 2 min read

Income Tax

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee

soutrikjoy 8 years ago

Penalty u/s 271(1)(c) cannot be levied where there is a bonafide mistake made by the assessee without any intention to evade tax. This was declared... Read More

Major Changes Expected in Direct Tax Code 2025

Major Changes Expected in Direct Tax Code 2025 and why these matter 4 min read

Income Tax News and Analysis

Major Changes Expected in Direct Tax Code 2025 and why these matter

Rajbir Chawla 1 month ago

Tax Exemption on HRA for rent paid to Parents

Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications? 4 min read

Income Tax

Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications?

Rajbir Chawla 4 months ago

Ḍeduction us 80JJAA- Ambiguities in section 80JJAA

Boost Your Business & Reduce Taxes: A Guide to Maximizing Benefits Under Section 80JJAA 8 min read

Income Tax

Boost Your Business & Reduce Taxes: A Guide to Maximizing Benefits Under Section 80JJAA

Rajbir Chawla 7 months ago

Consequences of TDS not deposited by Deductor

What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return 5 min read

Income Tax

What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return

Rajbir Chawla 8 months ago