This FAQ serves as a reference for the Income-tax Act provisions relating to cash receipts, loans, repayments, and electronic payment compliance. It also highlights the statutory thresholds, exceptions, and penalties for various defaults.
This guide explains when penalties can be imposed under various provisions of the Income-tax Act, 1961. It also outlines the applicable penalty amounts for different types of tax defaults and compliance failures.
The FAQs clarify the implementation of the IFSCA AML/CFT/KYC Guidelines, covering customer due diligence, reporting obligations, governance requirements, and regulatory compliance for IFSC entities.
The FAQs explain the prosecution provisions under the Income-tax Act, covering offences such as tax evasion, non-payment of TDS/TCS, false statements, and non-filing of returns. They also outline punishments, exceptions, and situations where prosecution may not be launched.
RBI has notified the 2026 Kisan Credit Card Directions for Regional Rural Banks, introducing a uniform framework for crop and allied sector lending. The Directions streamline credit assessment, digital access, collateral norms, and repayment procedures for farmers.
RBI has introduced the 2026 Kisan Credit Card Directions for Small Finance Banks, creating a uniform framework for crop and allied sector finance. The Directions simplify credit assessment, collateral norms, digital banking, and loan administration.
RBI has notified the 2026 Kisan Credit Card Directions for Commercial Banks, introducing a comprehensive framework for crop and allied sector finance. The Directions simplify credit assessment, collateral norms, digital banking, and KCC operations.
The Income Tax Department explains how faceless assessments under Section 144B operate through the e-Filing portal without requiring personal interaction. The FAQs also cover notices, responses, rectification requests, and outstanding demand procedures.
The Income Tax Department has issued detailed FAQs explaining the meaning, computation, and tax treatment of agricultural income under Section 2(1A) and the Income-tax Rules. The guidance also clarifies exemptions, partial integration, and capital gains on agricultural land.
The FAQs explain how eligible informants can receive rewards of up to ₹1 crore for providing actionable information on benami properties. They also outline eligibility, confidentiality, reward computation, and the conditions for claiming rewards.
