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ITAT grants partial relief to ICICI Bank

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. ....

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ITR Filing 2023: From Penalty to Punitive Interest, Check Consequences of Not Filing ITR Before July 31

ITR Filing 2023: Taxpayers who miss the deadline will have the option to file a belated ITR. ....

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ITR filing last date for AY 2023-24 is near: Know how to report and disclose foreign income

ITR filing last date for AY 2023-24 is near: Know how to report and disclose foreign income
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Missed filing your ITR? Here are the consequences for late filing

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. ....

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