The Income Tax department has imposed a penalty of Rs 564.44 crore on Bank of India, as stated by the public sector lender on Thursday. The bank is taking steps to appeal this decision before the Commissioner of Income Tax, National Faceless Appeal Centre (NFAC), according to its announcement. The penalty relates to the Assessment […]
Read More… from Bank of India Fights Back: Challenges Rs 564 Crore Tax Penalty!
The Congress party is in a tough spot as it gets ready for the 2024 Lok Sabha elections. They recently got a shock from the Income-Tax department: a demand for a whopping Rs 1,823 crore for five years, from 1994-95 to 2020-21. Leaders like Ajay Maken talked about this, calling it “tax terrorism” by the […]
Read More… from Congress Receives Tax Notice: Alleges BJP’s ‘Tax Terrorism’ Ahead of Elections
Taxpayers getting ready for the year 2025 have an important choice to make about how they pay their taxes. You can change between the old way of paying taxes and the new way. Here’s what you need to know: Before: Before the year 2020, there was only one way to pay taxes, with four different […]
Read More… from Tax Regime Switch: Your Easy Guide to Changing Old and New Tax Rules
Explore GST and indirect taxes: Understand challenges, benefits, impact on businesses, and compliance. Simplify taxation with this comprehensive guide. […]