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Gross Direct Tax collections for FY 2023-24 register a growth of 17 01%

Gross Direct Tax collections for FY 2023-24 register a growth of 17 01%
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New delhiCorporation taxDirect taxFinancial yearNet direct taxPersonal income taxSecurities transaction taxDirect taxesAdvance taxTax deductedSelf assessment taxRegular assessment tax

Difference between 5 pairs of confusing financial terms explained

From tax exemption vs tax deduction, to index funds vs ETF, and advance tax vs self-assessment tax, here is a look at the difference between five confusing financial terms.

Income tax actExchange traded fundsAdvance taxSelf assessment taxTax exemptionTax deductionTerm insurance policyTraditional coverIndex fund

Will non-furnishing of income tax return lead to prosecution?

Will non-furnishing of income tax return lead to prosecution?
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Tamil naduSuresh suranaManav menonHigh courtMadras high courtIncome tax actDeputy commissionerIncome taxAdvance taxSelf assessment tax

Tax Payable After Credit Of Prepaid Taxes Is Less Than Rs 3,000, Prosecution Not Sustainable; Madras High Court

The Madras High Court has held that prosecution under Section 276CC of the Income Tax Act is not sustainable as the tax payable after crediting prepaid taxes was less than the prescribed sum of Rs..

Tamil naduJusticegk ilanthiraiyanKp ramesh kumarMadras high courtIncome tax actIncome taxAdvance taxSelf assessment taxFor petitioner

Tax returns 2023: important deadlines

Put these key dates for 2021-22 and 2022-23 self-assessment tax returns in your diary to avoid a penalty for missing the deadlines.

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