![Interest u/s 234 for Default in Payment of Advance Tax to be Levied till date of Passing Revisional order: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/01/Advance-Tax-Taxscan.jpg "Interest u/s 234 for Default in Payment of Advance Tax to be Levied till date of Passing Revisional order: Kerala HC [Read Judgment]")
Interest u/s 234 for Default in Payment of Advance Tax to be Levied till date of Passing Revisional order: Kerala HC [Read Judgment]
While hearing the case of Commissioner of Income Tax vs M/s Baby Marine Exports, the High Court of Kerala held that if refund of advance tax is made...
![Interest u/s 234B can be levied on failure to Pay Advance Tax in respect of AMT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Interest-Rates-on-Small-Saving-Schemes.jpg "Interest u/s 234B can be levied on failure to Pay Advance Tax in respect of AMT: ITAT [Read Order]")
Income Tax Returns filed in current fiscal rises 25%, Advance Tax collections up by 41%, says Finance Ministry
As a result of demonetisation and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns(ITRs) filed. The number of Returns filed as on 05.08.2017 stands at...
Amendment to IT Act enabling Adjustment of Seized Assets against Advance Tax do not have Retrospective Effect: CBDT
The Central Board of Direct Taxes (CBDT) recently clarified that the amendment to Explanation 2 of the Income Tax Act, 1961 enabling adjustment of Seized Assets against advance tax has prospective...
Cash Seized during Search can be Adjusted towards Assessees Tax liabilities including Advance Tax: ITAT Mumbai [Read Order]
In N. Venkatanathan v. DCIT, the ITAT Mumbai noted that assessee is entitled to adjustment of cash seized and offered for taxation towards its liability for taxes including advance tax. In the...
![Cash Seized during Search can be Adjusted towards Assessees Tax liabilities including Advance Tax: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Cash-Seized.jpg "Cash Seized during Search can be Adjusted towards Assessees Tax liabilities including Advance Tax: ITAT Mumbai [Read Order]")
A declarant under the IDS Scheme can claim Credit of Advance Tax Amounts Paid: Delhi HC [Read Judgment]
In Kumudam Publications Pvt Ltd v. CBDT, the division bench of the Delhi High Court held that the declarant under the Income Declaration Scheme, 2016 is entitled to claim credit of advance tax amounts...
![A declarant under the IDS Scheme can claim Credit of Advance Tax Amounts Paid: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-Tax-Scan-1.jpg "A declarant under the IDS Scheme can claim Credit of Advance Tax Amounts Paid: Delhi HC [Read Judgment]")