penalty

Precautions while filing Revised Income Tax Return 3 min read

• Income Tax

Precautions while filing Revised Income Tax Return

Akanksha 8 years ago

Income Tax Return is an indispensable element of our earning regime daily, monthly as well as yearly regime and staying away from it an invitation to... Read More

The Hon’ble Apex Court sets four Principles relating to levy of penalty under section 271(1) (c) 3 min read

• Income Tax

The Hon’ble Apex Court sets four Principles relating to levy of penalty under section 271(1) (c)

Baisakhi Ganguly 8 years ago

The Hon’ble Apex Court sets four Principles relating to levy of penalty under section 271(1) (c) of the Income Tax Act, 1961.   Principles relating... Read More

Income Tax Amendment Bill for demonetized black money 3 min read

• Income Tax

Income Tax Amendment Bill for demonetized black money

Akanksha 8 years ago

Following the announcement of declaring specified bank notes “as not legal tender”, it is felt that instead of allowing people to find illegal ways of... Read More

Permanent Account Number (PAN) – How to get it and penalties if you have more than one PAN? 5 min read

• Income Tax

Permanent Account Number (PAN) – How to get it and penalties if you have more than one PAN?

Akanksha 8 years ago 2

Permanent Account Number (PAN) is a mandatory requirement across the country for majority of the financial transactions. Most of us already have PAN issued in... Read More

Demand and Recovery under GST Act – A Quick Walk Through 5 min read

• GST

Demand and Recovery under GST Act – A Quick Walk Through

Akanksha 8 years ago

Demand and Recovery under GST Act (Model Version) are basically laid down for the department, for providing them a framework in order to raise a demand on non-payment of... Read More

Penalty for Under-reporting and misreporting of income 2 min read

• Income Tax

Penalty for Under-reporting and misreporting of income

Sourav 8 years ago

Finance Bill 2016, has proposed to bring a big overhaul to the income tax regime with respect to penalty in the income-tax. Previously the regime... Read More

How can you benefit from The Direct Tax Dispute Resolution Scheme Rules, 2016 2 min read

• Income Tax

How can you benefit from The Direct Tax Dispute Resolution Scheme Rules, 2016

Sourav 8 years ago

The Indian Finance Minister Mr.Arun Jaitley during the Union Budget 2016 stated that for bringing the number of taxation cases and litigation down across the... Read More

No Penalty for bona fide delay in filing tax audit report 4 min read

• Income Tax

No Penalty for bona fide delay in filing tax audit report

Baisakhi Ganguly 8 years ago

The Income Tax Appellate Tribunal, Jaipur in the case of M/s. Gemorium 1969, Dhabaji Ka Khurra, Ramganj Bazar, Jaipur vs. The ITO, Ward- 5(1) Jaipur... Read More

Penalty cannot be levied in case of huge loss 2 min read

• Income Tax

Penalty cannot be levied in case of huge loss

Manager 8 years ago

The Bombay High Court in the case of The Commissioner of Income Tax vs. M/s Garware Chemicals Ltd., Income Tax Appeal No. 916 of 2012... Read More