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Salaried Class asked to show Interest Income Break-Up in IT Return This Year
Unlike from the past years, the salaried class are asked to show the break up of the interest income received last year while filing the income tax...
![Delhi HC rejects Vodafone ’s Plea to Process Refund Claim of Rs. 4759.74 Crores [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Vodafone-Tax-Scan.jpg "Delhi HC rejects Vodafone ’s Plea to Process Refund Claim of Rs. 4759.74 Crores [Read Judgment]")
![Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Tax-Refund-Taxscan.jpg "Interest on Income Tax Refund can’t be Deducted u/s 80IE: ITAT [Read Order]")
No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]
A division bench of the delhi Tribunal in DCIT v. American Express India Pvt. Ltd, held that penalty under Section 271(1)(c) of the Income Tax Act, 1961 is not leviable when Assessee made a claim...
![No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]")
NRIs who don’t have Bank Account in India will get Income Tax Refund through their Foreign Bank Account, says Govt
Non-Residents need not give account details if seeking no refund. The Income Tax Refunds will be credited to Foreign Bank Account also for Non-Residents who is not having bank account in India,...
