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Shriram Pistons &amp; Rings Ltd. has disclosed receiving a Rs. 74.24 lakh income tax penalty for AY 2020-21 over a disputed cess deduction.

Shriram Pistons Receives Income Tax Penalty Order of Rs. 74.24 Lakh; Evaluating Legal Options

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The company had earlier received an assessment order and tax demand notice from the Assistant Commissioner of Profession Tax, Mumbai.

Major Relief for Metro Brands as IT Dept Refunds Rs. 30.58 Lakh

Many taxpayers continue to opt for the old tax regime because it allows taxpayers to claim various deductions and exemptions, helping reduce their taxable income, which reduces their overall tax liability.

Pay Almost ZERO Income Tax: Use These Deductions Under the Old Regime

The company informed the stock exchanges that the Income Tax Department has officially dismissed the appeal that was filed earlier by the company against the order.

3i Infotech's Income Tax Appeal Dismissed as Infructuous Under Vivad Se Vishwas Scheme

ITR Filing FY 2024-25: How to Switch Between Old and New Tax Regimes

Shree Renuka Sugars Limited has received a penalty order of Rs 4.7 crore for M/s. Monica Trading Private Limited which merged with the company in December 2024.

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Shriram Pistons Receives Income Tax Penalty Order of Rs. 74.24 Lakh; Evaluating Legal Options

Major Relief for Metro Brands as IT Dept Refunds Rs. 30.58 Lakh

Pay Almost ZERO Income Tax: Use These Deductions Under the Old Regime

3i Infotech's Income Tax Appeal Dismissed as Infructuous Under Vivad Se Vishwas Scheme

ITR Filing FY 2024-25: How to Switch Between Old and New Tax Regimes

Unexplained Investments? Shri Renuka Sugars Slapped with Rs. 4.7 Cr Penalty