Income Tax Penalty

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  Income Tax Audit Deadline Today: Check These Forms Before It's Too Late

  Under the provisions applicable to assessment year 2026-27, businesses require a tax audit if their turnover or gross receipts exceed Rs 1 crore.

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  Find Out The Penalty Charges You Have To Pay For Missing Income Tax Deadline

  Penalty charges for missing income tax deadline: An income tax return not furnished by the due date set by the Income Tax Department is called a belated return. A belated return of income is furnished under section 139(4) of the Income Tax Act.

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  200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing

  Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.

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  200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing

  Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.

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  Penalty Charges You Have To Bear For Delayed Income Tax Return

  Belated income tax return: The taxman has stipulated a penalty amount ranging from Rs 5,000 to Rs 10,000 for filing of income tax return for assessment year 2018-19 after August 31, 2018. The amount of money charged as penalty or fine for a belated ITR increases based on the degree of delay.

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  Cash Transactions: Here Are The Limits And Penalties Under The Income Tax Rules

  The government has set various limits on cash transactions to combat black money. Know the cash transactions that may invite serious penalties.

• 

  Cash Transactions: Here Are The Limits And Penalties Under The Income Tax Rules

  The government has set various limits on cash transactions to combat black money. Know the cash transactions that may invite serious penalties.

• 

  Find Out The Penalty Charges You Have To Pay For Missing Income Tax Deadline

  Penalty charges for missing income tax deadline: An income tax return not furnished by the due date set by the Income Tax Department is called a belated return. A belated return of income is furnished under section 139(4) of the Income Tax Act.

• 

  Penalty Charges You Have To Bear For Delayed Income Tax Return

  Belated income tax return: The taxman has stipulated a penalty amount ranging from Rs 5,000 to Rs 10,000 for filing of income tax return for assessment year 2018-19 after August 31, 2018. The amount of money charged as penalty or fine for a belated ITR increases based on the degree of delay.

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  Penalty Under Search, Seizure To Be Up 3-Fold At 30% In Income Tax Act

  The government proposed to raise penalty under Income Tax Act for search and seizure cases by 3-fold to 30 per cent, a move aimed at deterring black money holders from misusing the provisions for turning their unaccounted cash into white.

• 

  200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing

  Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.

• Inaccurate TDS returns may attract penalty from July 1

  Presently, there are no penal provisions for mistakes in both first and corrective TDS filings if wrong details had been provided.