The Mumbai bench of Income Tax Appellate Tribunal allowed ICICI Bank to avail ₹1,855 crore bad debt write-off as deduction. It dismissed the bank s appeal seeking ₹502-crore worth long-term capital loss allowance for 2015-16. The tribunal upheld PCIT s decision to declare an excess deduction of ₹159 crore as erroneous.
ITR filing last date for AY 2023-24 is near: Know how to report and disclose foreign income financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
While the last date to file your income tax returns is over, yet one can still file. Albeit, one has to also pay a penalty fee for filing late. Here are the details.