income tax

Income Tax: Withdrawal of ₹ 15 lakh from bank at home, then tax is imposed if deposited again, change in ITAT’s decision – Story Income tax decision on cash deposited after withdrawal from bank

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income tax notice

An important decision has come out for those who deposited cash in banks during demonetization. The matter is about depositing Rs 15 lakh in the bank account. In this case ITAT has given its decision in favor of the account holder. Income tax notice on bank deposits. New Delhi: Suppose you have withdrawn a large … Read more

If ITR is not processed by December 31, 2025, you will not be able to file revised ITR; Here’s what you can do if you have a tax refund claim

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If your net income tax If the liability is less than the total income tax paid, you are eligible for tax refund In most cases. In some cases, the tax department adjusts the current year’s tax refunds with the tax demands of previous years under section 245. However, chartered accountants are highlighting an important date: … Read more