Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students

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Penalty u/s 271(1)(c)

No penalty under section 271(1) (c) in case of concealment of income due to “bonafide mistake” by an assessee

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee 2 min read

Income Tax

Penalty Not To Be Levied U/s. 271(1) (c) If “Bonafide Mistake” Made By Assessee

soutrikjoy 7 years ago

Penalty u/s 271(1)(c) cannot be levied where there is a bonafide mistake made by the assessee without any intention to evade tax. This was declared... Read More

How-to-Report-Income-from-Future-and-Options

What is Income Tax Liability on Income from trading in Future and Options 6 min read

Income Tax

What is Income Tax Liability on Income from trading in Future and Options

Rajbir Chawla 3 months ago

Why it is must to file ITR

The Importance of Filing Your Income Tax Return on Time: A Financial Must-Do 4 min read

Income Tax

The Importance of Filing Your Income Tax Return on Time: A Financial Must-Do

Rajbir Chawla 3 months ago

Mismatch F26 and AIR- Is addition by AO justified

Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified 4 min read

Income Tax

Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified

Rajbir Chawla 4 months ago

Changes in income tax rules relevant to Assessment Year 2024-25

Salient Changes in the new Income Tax Rules relevant to Assessment Year 2024-25 4 min read

Income Tax

Salient Changes in the new Income Tax Rules relevant to Assessment Year 2024-25

Rajbir Chawla 4 months ago