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 ...

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 ...