Advance Tax FY 2024-25: Payment Due Date Ends Today, Check Penalty For Missing It
Taxpayers are required to pay 45% of the total tax, including the first installment, by September 15 and the last installment ...
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$1 billion in unclaimed tax refunds to expire soon: How to claim your money
The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...
Tax Guru14h
Late Filing of Form 10CCB Not automatically Disqualify Section 80-IA Deductions
Shah Vs. Deputy Commissioner of Income Tax (DCIT), ruled on the disallowance of a deduction under Section 80-IA due to the delayed filing of Form 10CCB. The case stemmed from the Centralized ...
Tax Guru15h
Bombay HC voids reassessment notice for lack of proof of undisclosed material
Bombay High Court has quashed a notice of reassessment issued to Hindustan Lever Ltd. under Section 148 of the Income-tax Act, 1961, for the assessment year 1997-98. The court determined that the ...