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Total 32 results found. Search for [ income tax filing late penalty ]

Results 1 to 21 of 32
BusinessToday.In
New Delhi, August 31, 2018
Make sure you have your TDS certificates or Form 16/Form 16A from your employer with you before you start the process.


BusinessToday.In
New Delhi, July 26, 2018
As mentioned in the new section, 234F, added in the Income Tax Act, an individual would have to pay a penalty of Rs 1,000, Rs 5,000 or Rs 10,000 depending on when the returns are filed.


BusinessToday.In
New Delhi, July 9, 2018
Income-tax returns validate your creditworthiness and make it possible for you to access financial benefits such as bank credits, etc. An important aspect of filing ITR is filing it on time, failing which you may have to pay penalty up to Rs 10,000 besides interest.


Dipak Mondal
New Delhi, February 27, 2018
Despite all earlier claims of the government that the Goods and Services Tax (GST) would force taxpayers to be more compliant, the number of returns filed in the first seven months since the launch of GST belies this claim.


BusinessToday.in
February 22, 2018
This is not to be confused with the deadline for filing taxes for the current financial year, which is on or before July 31. Last year this deadline was extended till August, but the gesture may not be repeated.


Mail Today Bureau
New Delhi, October 17, 2017
The number of goods in the highest 28 per cent GST slab would be brought down after a committee of officers carries out detailed calculations on the revenue impact, Revenue Secretary Hasmukh Adhia said on Monday.


Teena Jain Kaushal
New Delhi, October 14, 2017
What to do if you have missed filing your I-T return


BT Online
August 31, 2017
If you did not file your income tax return for the previous year, there may be some good news for you. The government has extended the deadline to file income tax returns until October 31.


BT Online
New Delhi, August 29, 2017
The number is likely to go up after all taxes are accounted for and the tax collection number would \"somewhat increase\" with more compliances, Arun Jaitley said.


PTI
August 29, 2017
In a filing to the Hong Kong stock exchange, the company said its unit Hutchison Telecommunications International Ltd had late last year received a tax demand notice of Rs 7,900 crore and on August 9 received a penalty order of a similar amount.


Adhil Shetty
August 24, 2017
There are penalties and interest on tax that has not been paid. Filing returns on time entitle you to earn interest on Tax Deducted At Source (TDS) from April 1, 2017.


Renu Yadav
New Delhi, August 7, 2017
July 31 is usually the last date for filing income tax returns (ITR), but this year, it was extended to August 5 to give more time to tax filers.


BT Online
July 31, 2017
If you haven't filed your income tax return yet, you have only few hours to do so as the Income Tax Department has ruled out any extension in the deadline.


Kapil Nayyar
New Delhi, July 27, 2017
It has become an area of interest for both Reserve Bank of India (RBI) and the Income Tax (IT) department.


BT Online
New Delhi, July 18, 2017
My Tax app will handle income-tax-related matters like payments, tax deducted, communications from the income tax department, and more for a taxpayer,


BT Online
New Delhi, July 12, 2017
Defaulters will have to pay Rs 5,000 if taxes are paid after the deadline but before December 31 of the assessment year. Failing to pay the taxes by December 31 will mean a penalty of Rs 10,000 against the defaulter.


PTI
New Delhi, April 20, 2017
The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.


PTI
New Delhi, June 21, 2016
With a sharp rise in the number of non-filers of income-tax returns, the I-T Department has asked its officers to impose penalty and initiate prosecution in such cases to ensure compliance.


Sarabjeet Kaur
February 24, 2016
It's that time of the year when you have to line up investment proofs to save tax. A handy reckoner...


By Mail Today Bureau
New Delhi, July 26, 2014
In order to provide some relief to taxpayers who are late in filing returns and end up paying hefty penalties calculated on a daily basis, Jaitley said that Central Board of Direct Taxes ( CBDT) will be empowered to exercise discretion.


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