Learn about penalty provisions under the IT Act, including penalties for defaults in tax payment, income reporting, and more. Key FAQs and amounts covered.
Understand key provisions on disallowance of cash expenses, limits on cash transactions, and penalties under Sections 269T, 269SS, 269ST, and 269SU.
Biometric Aadhaar authentication for GST registration is now required in Dadra & Nagar Haveli, Daman & Diu, and Chandigarh.
Discover key details about the Benami Transactions Informants Reward Scheme, 2018, including eligibility, reward amounts, and processes for reporting benami properties.
Sunil Kumar Sharma fined ₹1,60,640 for violating Section 155 of Companies Act, 2013 by holding multiple DINs. Penalty details and appeal info included.
Learn about the Annual Information Statement (AIS) and Taxpayer Information Summary (TIS). Find out how to access them and what information they include.
Understand agricultural income rules under Section 2(1A) and Rule 7. Learn about income eligibility, deductions, and tax treatment for different agricultural products.
Learn about the Faceless Income-Tax Proceedings, including e-Proceedings features, differences from manual assessments, and how to handle rectifications and outstanding demands.
Learn about the compounding of offences under direct tax laws, including eligible offences, competent authorities, and the process involved.
The Indian government amends duty drawback rates for gold and silver jewelry with Notification No. 55/2024-Customs (N.T.), effective August 23, 2024.
