Landlord gets tax notice about addition of Rs 7 lakh to his income as deemed rent of his five vacant apartments; he fights and wins case in ITAT Ahmedabad

Landlord gets tax notice adding Rs 7 lakh deemed rent to his income for letting his five properties remain vacant; he said he tried his best to find tenants but could not and ultimately sold the ...
Tax Guru

No Addition u/s 56(2)(x) in 153A Without Incriminating Material: ITAT Delhi

The Tribunal held that additions in a search assessment cannot survive without incriminating material. Mere repetition of an annulled earlier assessment was found legally ...

Rs 80 lakh tax demand quashed: ITAT Mumbai says stamp duty value not applicable to life interest in family trust

ITAT Mumbai rules stamp duty value can’t tax transfer of life interest in trust property, overturns Rs 80 lakh capital gains ...
Tax Guru

Capital Continuity Proved, ₹10.63 Crore Section 68 Addition Deleted

The issue was whether personal capital could be compared with partnership capital to infer unexplained credits. The Tribunal held the comparison flawed and upheld deletion of the Section 68 ...

Yuki Bhambri finds fresh momentum with Goransson

Yuki Bhambri has never been one to dwell on his load, it isn’t his way.When the 33-year-old decided to partner doubles ...

Tocvan Strengthens Board with Appointment of Anna Ladd-Kruger

Detailed price information for Tocvan Ventures Corp (TOC-CN) from The Globe and Mail including charting and trades.
moneycontrol.com

ITR filing late or refund delayed? Here's interest you pay and what taxman owes you

Did our AI summary help? For many taxpayers, the tax season ends with one of two outcomes: paying interest for filing late or waiting endlessly for a refund. Let us understand how much taxpayers pay ...
Mint

Income Tax Refund Status Highlights: Taxpayers urge I-T department to extend 31 December deadline to file revised ITR

Income Tax Refund Status Highlights: Check guide to help you check your ITR status online in just a few simple steps.(Pexels) Income Tax Refund Status Highlights: The Income Tax (I-T) Department has ...
Popular Science

Get Microsoft Office 2021 for $35 and keep it forever

We may earn revenue from the products available on this page and participate in affiliate programs. Learn more › TL;DR: Get a lifetime license to Microsoft Office Professional 2021 for $34.97 (reg.
Mint

ITR filed, but still not processed by CPC? Here's how taxpayers can legally claim their income tax refund

Income Tax Refund Update: Like taxpayers, the centralised processing centre (CPC) of the Income Tax Department is bound by a deadline to process income tax return (ITR). If you have filed an ITR for ...
moneycontrol.com

Paid tax but didn’t verify ITR? Why you may be forced into the new tax regime

What happens if you forget to verify your ITR? Paying self-assessment tax does not automatically complete your ITR filing. Today's Ask Wallet Wise query decodes what happens if you fail to verify the ...
The Financial Express

Income Tax Department clarifies notices sent to taxpayers on mismatch in transactions, ITR

Income Tax notices on transaction mismatch: CBDT clarifies emails are advisory, not punitive (AI-generated image) The Income Tax Department has clarified that the emails recently sent to taxpayers ...