Newspoint on MSN

Income Tax: Did you make a mistake while filing your ITR? You can still file your return, learn the complete process..

Taxpayers often make minor mistakes while filing their ITR, such as omitting an income item, incorrectly listing a deduction, ...

Why your bank deposits, withdrawals high-value transactions can be under Tax Dept’s lens

Frequent or high-value transactions in savings accounts are increasingly being tracked by the Income-tax Department, as ...
Newspoint on MSN

Income Tax Watch on Savings Account: 10 Costly Mistakes That Can Trigger a Notice

In today’s digital banking era, managing your savings account responsibly is more crucial than ever. The Income Tax ...
Tax Guru

No prosecution u/s 276C for delayed tax payment without wilful evasion: Madras HC

Delayed self-assessment tax payment is not 'wilful evasion' under IT Act S. 276C(2) if the tax is paid before prosecution. Mens rea is ...
Tax Guru

Prosecution for Late self-assessment tax Payment Not Maintainable Without Willful Evasion: Bombay HC

Bombay HC clarified Section 276C(2), holding that mere failure to pay self-assessment tax is not willful evasion, quashing prosecution after tax was paid ...