A debatable claim could not result in penalty- No Penalty u/s 271 on Debatable Issue
The section 271(1) (c) of the income tax act 1961, clearly states that no penalty would be levied on an income tax payer if the... Read More
Appeal against levy of penalty
Changes in the law relating to levy of penalty in the Finance Bill, 2016
The Finance Bill, 2016 aims to make drastic changes to the law relating to levy of penalty for concealment of income and furnishing of incorrect... Read More
What is Income Tax Liability on Income from trading in Future and Options 
The Importance of Filing Your Income Tax Return on Time: A Financial Must-Do 
Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified 
Salient Changes in the new Income Tax Rules relevant to Assessment Year 2024-25