Bangalore recently allowed an appeal filed by JB Dairy Farms Private Limited, remanding a case concerning cash deposits made during the demonetization period back to the Assessing Officer (AO). The ...

Summary: Effective from September 1, 2024, the Budget 2025 amendments introduce block assessment procedures for search cases under Sections 158B to 158BI of the Act. A block period now includes six ...

Introduced in April 2022, this provision in the Income Tax Act allows taxpayers to report income by paying additional tax on ...

Sources indicate that Section 234B of the Income Tax Act requires interest payment for ... necessitate payment of interest under Sections 234A to 234C and additional income tax.

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...