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Income Tax Act 1961 News

14 Jan 2023

Woman not a chattel, marriage won't take away her identity: SC on IT provision

The apex court noted that a woman is not a chattel and has her own identity. It said that merely the fact of being married to a non-Sikkimese cannot take away that identity. The verdict was delivered by a bench of Justices M R Shah and B V Nagarathna observed. The bench noted that there is no disqualification for a Sikkim man, who marries a non-Sikkimese after 01.04.2008.

Income Tax Act 1961

30 Sep 2022

Tax Audit Due Date: Taxpayers demand last date extension

September 30 is the last day for income tax audit report filing. The tax audit takes place under Section 44B. As per section 271B of the Income Tax Act, 1961, any delay in compliance may attract a penalty.

Income Tax Act 1961

19 Sep 2022

Good news for taxpayers! Check how new Income Tax guidelines will benefit you

CBDT comes out with revised guidelines for compounding of some offences under the Income Tax Act, 1961 CBDT has decriminalised offences punishable under Section 276 of the Act Section 276 of the Income Tax Act had a provision for punishing a taxpayer with rigorous imprisonment

Income tax return

21 Jul 2022

Here’s why you should submit income tax return before deadline

The last date for filing ITRs is 31st July for FY 2022 You can visit www.incometaxindiaefiling.gov.in to file ITRs

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