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LIC receives Rs. 84 crore income tax penalty notice

The penalty has been imposed on state-owned insurers for violation of sections 271 (1)(c) and 270A of the Income Tax Act, 1961, it said. ....

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Income Tax Guide 2023: 5 Penalties Every Taxpayer MUST KNOW for Income Tax Defaults

The due date for filing an income tax return (ITR) for the financial year 2023 is July 31, 2023. Under the Income-Tax Act, several penalties are levied for various defaults committed by the taxpayer. Some of the penalties are mandatory and a few are at the discretion of the tax authorities., Personal Finance News, Times Now ....

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Cash Transaction: Limits And Penalty Under 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. ....

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KNTV NBC Nightly News With Lester Holt June 4, 2024 02:36:00

Mandate. or pay an income tax penalty. in 2012 the supreme court upheld the law as a legitimate use of congress s taxing power. then a republican-led congress set the tax penalty at zero, so 18 red states led by texas sued saying what s left is just an unconstitutional mandate. but today s ruling by justice steven breyer didn t weigh in on the larger question, instead saying the challengers have no legal standing to sue because the law no longer requires people to do anything, so they re not harmed by it. and in rejecting this one the court suggested similar lawsuits would also fail. the supreme court has slammed the door finally shut on all of the major legal challenges to obamacare. now it s just going to be nitpicking about the details of thousands of little provisions. reporter: president biden called the ruling, a major victory for all americans benefitting from this groundbreaking and life-changing law. and pete, there was another major court ruling today on religion and ....

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Detailed text transcripts for TV channel - MSNBC - 20210617:16:03:00

Merits but it is the next best thing to it. because it basically says not you, and probably not anybody else, gets to challenged obamacare on this legal theory. my follow-up question is does this mean the end of attempt to challenge this law in a fundamental way? it is probably like you are saying probably so. certainly on this legal theory. i don t see how anybody else can come along and say in harms us to have to not pay income tax penalty. there have been a number of different theories about obamacare. including it originated in the wrong chamber of commerce, congress. none of them have been able to succeed. i cannot say there isn t somebody out there somewhere who will come up with a creative new idea to tackle obamacare. but i just don t see right now with that would be. so dr. emanuel, this law has ....

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