Tax Penalties
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ITR Filing Last Date Today: What Happens If You Miss The Deadline
The deadline for most taxpayers, particularly salaried individuals, pensioners, and small businesses not requiring an audit, is Monday, September 15.
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ITR Filing 2025: One Day To Deadline, Process, Penalty, Extension And More
ITR Filing 2025 Deadline: The Central Board of Direct Taxes has not provided any deadline extension despite demands from individuals.
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ITR Return 2025: Is Your Refund Pending? Check For These 3 Mistakes
Every year, lakhs of taxpayers eagerly await their refunds after filing ITR. However, in a rush, many commit small errors that can turn out to be costly.
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"Our Friend" But...: Trump Declares 25% Tariffs Plus Penalty On India
India will pay a 25 per cent tariff on goods exported to the United States from August 1, Donald Trump decreed on Truth Social, the social media network owned by the US President.
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ITR Filing 2025: Freelancers Must Follow These Tax Rules To Avoid Heavy Penalties
Freelancers in India must understand tax rules like TDS, GST, and ITR filing to avoid penalties and legal trouble. Awareness of these rules ensures financial safety and builds credibility in the professional world.
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Hyundai Motor India Receives Rs 517.34 Cr Tax, Penalty From GST Authority
Hyundai Motor India Ltd has said in a SEBI regulatory filing that it has received a demand from tax authorities, along with a penalty from the GST authority.
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ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26 from July 31 to September 15.
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Bengaluru Man Bought A 7.5 Crore Ferrari And Tried To Dodge Tax Officials
In a high-octane crackdown on tax evasion, a Ferrari owner was forced to shell out Rs 1.42 crore after Regional Transport Office officials caught the luxury supercar being used on the streets of Bengaluru without road tax being paid in Karnataka.
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Filing Income Tax Return? One Wrong Move Could Cost You Rs 1.5 Lakh
Filing income tax returns requires attention to detail to avoid penalties and defects. Choosing the right tax regime, verifying forms like 26AS and 16, and e-verifying returns are crucial steps.
-
Australian Taxation Office Issues 2025 Tax Return Guidelines
More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.
-
Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
-
Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
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IndiGo Faces Rs 944 Crore Tax Penalty, Terms It "Erroneous"
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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Venice Hikes Tourist Tax In Bid To Curb Overcrowding
Venice will crack down on tourists by blocking additional days, raising prices, and enforcing harsh penalties for noncompliance.
-
ITR Filing Last Date Today: What Happens If You Miss The Deadline
The deadline for most taxpayers, particularly salaried individuals, pensioners, and small businesses not requiring an audit, is Monday, September 15.
-
ITR Filing 2025: One Day To Deadline, Process, Penalty, Extension And More
ITR Filing 2025 Deadline: The Central Board of Direct Taxes has not provided any deadline extension despite demands from individuals.
-
ITR Return 2025: Is Your Refund Pending? Check For These 3 Mistakes
Every year, lakhs of taxpayers eagerly await their refunds after filing ITR. However, in a rush, many commit small errors that can turn out to be costly.
-
"Our Friend" But...: Trump Declares 25% Tariffs Plus Penalty On India
India will pay a 25 per cent tariff on goods exported to the United States from August 1, Donald Trump decreed on Truth Social, the social media network owned by the US President.
-
ITR Filing 2025: Freelancers Must Follow These Tax Rules To Avoid Heavy Penalties
Freelancers in India must understand tax rules like TDS, GST, and ITR filing to avoid penalties and legal trouble. Awareness of these rules ensures financial safety and builds credibility in the professional world.
-
Hyundai Motor India Receives Rs 517.34 Cr Tax, Penalty From GST Authority
Hyundai Motor India Ltd has said in a SEBI regulatory filing that it has received a demand from tax authorities, along with a penalty from the GST authority.
-
ITR Filing FY 2024-25: Revised Deadlines, Penalties And Key Updates
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for AY 2025-26 from July 31 to September 15.
-
Bengaluru Man Bought A 7.5 Crore Ferrari And Tried To Dodge Tax Officials
In a high-octane crackdown on tax evasion, a Ferrari owner was forced to shell out Rs 1.42 crore after Regional Transport Office officials caught the luxury supercar being used on the streets of Bengaluru without road tax being paid in Karnataka.
-
Filing Income Tax Return? One Wrong Move Could Cost You Rs 1.5 Lakh
Filing income tax returns requires attention to detail to avoid penalties and defects. Choosing the right tax regime, verifying forms like 26AS and 16, and e-verifying returns are crucial steps.
-
Australian Taxation Office Issues 2025 Tax Return Guidelines
More than than 15 million Australians will file tax returns in 2025. The Australian Taxation Office urges citizens to lodge accurate tax returns and warns against false claims.
-
Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
-
Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
-
IndiGo Faces Rs 944 Crore Tax Penalty, Terms It "Erroneous"
With the Income Tax Department imposing a penalty of Rs 944.20 crore on IndiGo, India's largest airline has termed the order "erroneous" and vowed to challenge it legally.
-
Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
Venice Hikes Tourist Tax In Bid To Curb Overcrowding
Venice will crack down on tourists by blocking additional days, raising prices, and enforcing harsh penalties for noncompliance.
