The Income Tax Department had reminded the first installment of the Advance Tax Payment. The taxpayers can pay 15% of the estimated tax liability by 15th June 2023. Additionally, you can use the Advance tax

The Apex Court held that the assessee cannot be held liable for interest for short-fall of advance tax which arises due to Default of Payer in Deducting TDS before the Financial Year 2012-13. The dispute

In a bid to increase the direct tax revenue, the Central Board of Direct Taxes (CBDT) will conduct a country-wide review of tax collection, especially for advance tax, tax deduction at source (TDS), arrears, and black

The Gauhati High Court has granted interim relief to the Writ Petitioner, Greenlam Industries Limited, from coercive measures on the issue of refund/adjustment of advance tax paid to the Income Tax Department. G. N. Sahewalla,

The provisional figures of Direct Tax collections up to December 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year. The net Direct

The Central Board of Direct Taxes (CBDT) has asked the taxpayers to pay second installment (100 percent) advance tax before 15th September 2018. The persons who are liable to pay advance tax are, (i) Any

The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in a recent ruling deleted the excess interest under Section 234C of the Income Tax Act 1961 observing that the Portfolio Management Company could

The Mumbai bench of the Income Tax Appellant Tribunal (ITAT) has held that failure in payment of advance tax towards unexpected income doesn’t attract interest under section 234C(1) of the Income Tax Act,1961 and deleted

The provisional figures of Direct Tax collections up to September, 2017 show that net collections are at Rs. 3.86 lakh crore which is 15.8% higher than the net collections for the corresponding period of last year. Net Direct Tax

The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding year, representing

The Central Board of Direct Taxes (CBDT) has asked the taxpayers to pay the installments of advance tax before the due date is expired. Advance tax means income tax should be paid in advance instead of lump

The Income Tax Appellate Tribunal ( ITAT ) recently held that advance tax under section 234B of income Tax act 1961 is not applicable when entire income is subject to Tax Deduction at Source. The

The Supreme Court has recommended the Central Government to consider the efficacy of the advance tax ruling system and make it more comprehensive as a tool for settlement of disputes rather than battling it through

The figures of Direct Tax collections for the Financial Year 2021-22, as on 16.03.2022 show that net collections are at Rs. 13,63,038.3 crore compared to Rs. 9,18,430.5 crore over the corresponding period of the preceding financial year

The Raycon Infrastructure Pvt. Ltd has invited applications from the eligible candidates with the experience of 2- 4 years. The Raycon Group, a joint venture with a globally active German group founded in 1834 with