Tax Penalty Case
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Congress Moves Delhi High Court In Tax Penalty Case
The Congress on Monday moved the Delhi High Court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain tax returns.
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WazirX Fined Rs 49.2 Crore for Tax Evasion Worth Rs 40.5 Crore
GST Mumbai East Commissionerate detected a GST evasion worth Rs 40.5 crores and recovered Rs 49.2 crore in cash pertaining to GST evaded, interest, and penalty from the cryptocurrency exchange WazirX.
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Top Court Sets Up Special Benches To Hear Cases Of Death Penalty, Taxes
The Supreme Court on Saturday set up special benches to deal with cases of death penalty and tax matters.
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Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know
The deadline for filing income tax returns for assessment year 2019-20 (financial year 2018-19) ends today. It is compulsory for individuals earning a specified amount of income in a year to file income tax return (ITR). An assessee who does not submit a return of income within the deadline is allowed to file a belated return at a later time. Howev...
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Last Date To File TDS Statement Is May 31. Rs 100 Per Day Penalty levied In Case Of Delay
Tax payers who have deducted the TDS and have not deposited by now must pay before May 31 to avoid drawing the penalty
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Last Minute Things To Do Before Filing Income Tax Returns
Although the deadline for income tax (I-T) return filing is July 31 for the previous year, there may be cases wherein some tax payers missed filing their income tax (I-T) returns. In such cases, they are eligible to file the belated income tax returns by March 31 of this year. This means that they still have one more week to do so. Those who missed...
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Amazon Settles Back Tax Case with France For Undisclosed Amount
The French government has been seeking back taxes, interest and penalties from Amazon.
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Neymar Fined 1.2 Million US Dollars Over Tax Case Delays
Neymar's representatives were not immediately available for comment.
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What Happens If You Miss Income Tax Return (ITR) Filing Deadline Today
If you file your Income tax return (ITR) beyond the deadline, you have to pay penal interest on unpaid tax liabilities.
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Chartered Accountants' Body To Approach Governmenrt Over Penalty On Practitioners
As per the latest Budget memorandum, Rs 10,000 fine would be imposed on chartered accountants in case of filing of incorrect returns.
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Income Tax Department Begins Action Under Benami Act; Issues 87 Notices
Initiating a stringent action against black money holders post notes ban, the Income Tax department on Monday said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act which attracts a heavy penalty and rigorous jail term of a maximum 7 years.
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Penalty Under Search, Seizure To Be Up 3-Fold At 30% In Income Tax Act
The government proposed to raise penalty under Income Tax Act for search and seizure cases by 3-fold to 30 per cent, a move aimed at deterring black money holders from misusing the provisions for turning their unaccounted cash into white.
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7-Year Jail For Illegal Cash Deposits, Tax Department Warns Violators
The tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years.
-
Deposits Above Rs 2.5 Lakh To Face Tax, Penalty On Mismatch
Further dangling the stick, government warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty in case of income mismatch.
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Vodafone Tax Case: High Court Allows Penalty Proceedings To Go On
Delhi High Court allowed the income tax department to go ahead with its penalty proceedings against telecom major Vodafone, but asked the agency not to give effect to its final order till the next hearing in July.
-
Congress Moves Delhi High Court In Tax Penalty Case
The Congress on Monday moved the Delhi High Court challenging the dismissal of its plea by the Income Tax Appellate Tribunal (ITAT) against the imposition of penalties for discrepancies in certain tax returns.
-
WazirX Fined Rs 49.2 Crore for Tax Evasion Worth Rs 40.5 Crore
GST Mumbai East Commissionerate detected a GST evasion worth Rs 40.5 crores and recovered Rs 49.2 crore in cash pertaining to GST evaded, interest, and penalty from the cryptocurrency exchange WazirX.
-
Top Court Sets Up Special Benches To Hear Cases Of Death Penalty, Taxes
The Supreme Court on Saturday set up special benches to deal with cases of death penalty and tax matters.
-
Income Tax Returns (ITR) Filing Deadline Ends Today. Ten Things To Know
The deadline for filing income tax returns for assessment year 2019-20 (financial year 2018-19) ends today. It is compulsory for individuals earning a specified amount of income in a year to file income tax return (ITR). An assessee who does not submit a return of income within the deadline is allowed to file a belated return at a later time. Howev...
-
Last Date To File TDS Statement Is May 31. Rs 100 Per Day Penalty levied In Case Of Delay
Tax payers who have deducted the TDS and have not deposited by now must pay before May 31 to avoid drawing the penalty
-
Last Minute Things To Do Before Filing Income Tax Returns
Although the deadline for income tax (I-T) return filing is July 31 for the previous year, there may be cases wherein some tax payers missed filing their income tax (I-T) returns. In such cases, they are eligible to file the belated income tax returns by March 31 of this year. This means that they still have one more week to do so. Those who missed...
-
Amazon Settles Back Tax Case with France For Undisclosed Amount
The French government has been seeking back taxes, interest and penalties from Amazon.
-
Neymar Fined 1.2 Million US Dollars Over Tax Case Delays
Neymar's representatives were not immediately available for comment.
-
What Happens If You Miss Income Tax Return (ITR) Filing Deadline Today
If you file your Income tax return (ITR) beyond the deadline, you have to pay penal interest on unpaid tax liabilities.
-
Chartered Accountants' Body To Approach Governmenrt Over Penalty On Practitioners
As per the latest Budget memorandum, Rs 10,000 fine would be imposed on chartered accountants in case of filing of incorrect returns.
-
Income Tax Department Begins Action Under Benami Act; Issues 87 Notices
Initiating a stringent action against black money holders post notes ban, the Income Tax department on Monday said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act which attracts a heavy penalty and rigorous jail term of a maximum 7 years.
-
Penalty Under Search, Seizure To Be Up 3-Fold At 30% In Income Tax Act
The government proposed to raise penalty under Income Tax Act for search and seizure cases by 3-fold to 30 per cent, a move aimed at deterring black money holders from misusing the provisions for turning their unaccounted cash into white.
-
7-Year Jail For Illegal Cash Deposits, Tax Department Warns Violators
The tax department has decided to slap charges under the newly enforced Benami Transactions Act against violators that carries a penalty, prosecution and rigorous jail term of a maximum seven years.
-
Deposits Above Rs 2.5 Lakh To Face Tax, Penalty On Mismatch
Further dangling the stick, government warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200 per cent penalty in case of income mismatch.
-
Vodafone Tax Case: High Court Allows Penalty Proceedings To Go On
Delhi High Court allowed the income tax department to go ahead with its penalty proceedings against telecom major Vodafone, but asked the agency not to give effect to its final order till the next hearing in July.
