Browsing Tag

Income tax notice

5 posts

Penalty up to 200% of Tax Possible for Misreported Income in ITR

With the Income Tax Returns (ITR) filing deadline ending on July 31,…
Tax Exemption

‘Updated return’ law is not an amnesty scheme for taxpayers

Budget 2022 introduced a new law of ‘updated return’. Under this, a…
Tax Exemption

Global Fund Houses Receive Reassessment Notices From IT Department

The Income Tax (IT) department reopens various old assessments related to several…
  • Bhavana PN
  • Posted on
Tax Exemption

7 Cash Transactions That Can Attract an Income Tax Notice

In India, cash transactions are highly discouraged due to the volume of…

How to Deal With an Income Tax Notice Should You Get One

To deal with an income tax notice, one should know why the…