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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

News

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

The Old UDINs for audit reports show the assessee's PAN as "NA", even for the cases where the PAN was correctly entered during the filing.

CA Flags Major Issue on New UDIN Portal: PAN Showing NA

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

A seemingly minor lapse in DIN disclosure can result into massive penalties, proving that statutory compliance is never just a formality.

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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

CA Flags Major Issue on New UDIN Portal: PAN Showing NA

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

Hidden Cost of Non-Compliance: A Rs. 63.9 Lakh Lesson in DIN Reporting