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Income tax penalty News

01 Oct 2024

Income Tax Audit Report Deadline Extended For AY 2024-25: Check New Date

Income Tax Audit Report Deadline: The new deadline specifically applies to assessees covered under section 139 of the Income Tax Act, 1961.

Central Board of Direct Taxes

30 Dec 2017

You may face these penalties if you don't pay tax on time

Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.

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