News

Messi’s reported Rs. 89 crore India tour fee and Rs. 11 crore tax payment have ignited a heated online debate on tax fairness.

Rs. 89 Crore Earnings, Rs. 11 Crore Tax: Netizens Question Messi’s India Tour Deal

Articles

Taxpayers can submit the rectification for Section 80G deduction claim within four years from the end of the relevant assessment year

Got intimation that Donee PAN is not eligible for Section 80G deduction: CA shares solution for correction

The IT Department has intensified automated scrutiny and is issuing bulk notices to taxpayers for mismatches, non-disclosure of foreign assets, incorrect deductions, and non-compliance in ITR filing.

IT Dept Intensifies Data-Driven Tax Scrutiny; Issues Bulk Notices After AIS, TIS and Form 26AS Mismatch Detection

The Income Tax Department Gives Final Chance to Declare Foreign Assets, Warns of Black Money Law Action

IT Department Issues ‘Last Warning’ to MNC Employees on Undisclosed Foreign Assets

Judgement

The tribunal ruled that the assessee was not required for a tax audit, and it deleted the Rs 1.5 lakh penalty levied under section 271B of the Income Tax Act.

ITAT Deletes Penalty on Share Broker for Failure to Submit Tax Audit Report

ITAT Ahmedabad deletes Rs. 10.09 lakh demonetisation cash deposit addition, holding Section 69A unjustified due to proper explanation.

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Rs. 89 Crore Earnings, Rs. 11 Crore Tax: Netizens Question Messi’s India Tour Deal

Got intimation that Donee PAN is not eligible for Section 80G deduction: CA shares solution for correction

IT Dept Intensifies Data-Driven Tax Scrutiny; Issues Bulk Notices After AIS, TIS and Form 26AS Mismatch Detection

IT Department Issues ‘Last Warning’ to MNC Employees on Undisclosed Foreign Assets

ITAT Deletes Penalty on Share Broker for Failure to Submit Tax Audit Report

ITAT Ahmedabad Deletes Rs. 10.09 Lakh Addition on Demonetisation Cash Deposits