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January 1, 2024
Nominal Index [Citation 301 – 619]Bina Saxena w/o Late Ravendra Kumar Saxena v. Union of India 2023 LiveLaw (Bom) 301Hemant Dhirajlal Banker v. State of Maharashtra 2023 LiveLaw (Bom) 302CIT v. M/s...
December 31, 2023
Under Section 234F, a penalty of ₹ 5,000, or ₹ 1,000 is levied for small taxpayers, and a 1 per cent per month penal interest under Section 234A is applicable on pending tax payment.
December 28, 2023
You have the chance to make things right and get compliant, but the window to fix it stays open only until December 31, though it might involve a penalty.
December 8, 2023
Nominal Index [Citation 519 - 552]Matrix Publicities and Media India Pvt. Ltd. v. Deputy Commissioner of Income Tax Circle- 16(1), Mumbai & Ors. 2023 LiveLaw (Bom) 509Bapu Bajarang Patil v. State of...
November 7, 2023
Nominal Index [Citation 506 - 516]Anandraj Manikam v. State of Maharashtra & Anr. 2023 LiveLaw (Bom) 506Nikhil Ashokrao Waghmare and Ors. v. State of Maharashtra and Anr. 2023 LiveLaw (Bom) 507Manik...
November 1, 2023
The Bombay High Court has stated that system default is the standard excuse of the department when it comes to giving refunds.The bench of Justice K. R. Shriram and Justice Neela Gokhale has observed...
August 1, 2023
The Central Board of Direct Taxes, via a notification in July 2022, reduced the time limit for ITR verification from 120 days earlier to 30 days. The new law is effective from August 1, 2022, and will be applicable to all the ITRs filed on or after August 1, 2022. This includes ITR filed on or before July 31, 2023. However, missing the 30-day ITR-filing deadline can cost you Rs 5000.
August 1, 2023
The deadline for filing income tax returns is over on July 31. If you are waiting for your ITR refund for AY 2023-24, scroll down to find the step-by-step guide.
July 29, 2023
Taxpayers can seek help from the income tax department through calls, live chats, Webex sessions and on social media.
June 26, 2023
You would need Form 16, house rent receipt (if applicable), investment payment premium receipts (if applicable). However, ITRs are annexure-less forms, so you are not required to attach any document