Man opted for VRS after employer shut plant, got Rs 65.21 lakh and reported it as advance salary in ITR; Section 89 relief was denied, but ITAT Pune later ruled it a non-taxable capital receiptThe ...
The manner in which he initially disclosed this amount in his income tax return (ITR), however, led to a prolonged dispute with the Income TaxDepartment.
Wife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs 67 lakh; she claimed it’s ancestral and wins relief in ITAT Mumbai... .
The Income Tax Appellate Tribunal (ITAT), MumbaiBench, has given partial relief to a Mumbai taxpayer who was asked to explain jewellery worth Rs 67.39 lakh disclosed in her income tax return ... Now get your AI Quotient. Take the AIQ test. .
The revised sequence means taxpayers covered by the extension will have to complete their audit report by October 21 and file the applicable ITR by November 21... Zomato, Blinkit Help 2.10 Lakh PartnersFile ITR, ₹33.6 Crore Refunds Unlocked.
When Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income TaxReturn (ITR) declaring Rs 7.65 lakh income, this raised many red flags within the income tax systems. He wins case in ITAT Delhi... .
The deadline has been extended to 21 November from 31 October, while the deadline for submitting the audit report has been extended to 21 October from 30 September, the ministry of finance said in a statement on Monday ....