Webu/s.143(3) of the Income Tax Act, 1961 (‘the Act'), pertaining to the Assessment Year (‘A.Y.’ for short) 2015-16. 2. The assessee has challenged the addition made u/s. 68 of the Act on the difference in the returned income and assessed income, amounting to Rs.4,00,904/- and has also challenged the levy of interest u/s. 234B of the Act. Web10 Oct 2024 · In this article, we will discuss Interest under section 234A, 234B, and 234C with practical examples. Income tax act is the charging statute of income tax in India. …
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Web15 Jul 2016 · While sub-section (1) of section 234B is applicable to cases involving determination of total income under section 143(1) or regular assessment made under … Web8 Apr 2024 · That there is no mention of Section 276-C in Section 158BF of the Act and, as a matter of fact, a careful reading of Section 276-C transpires that if a person willfully admits to evade any tax, penalty or interest chargeable or imposable under the Act, 1961 then only prosecution can be launched.” (Emphasis supplied) 11. horseshoe casino baltimore shuttle job
Income Tax - Levy of interest u/s 234B - terminal point for the levy …
Web13 Sep 2024 · Q. As per Sec. 234B of the I-T Act, senior citizens without professional income are not liable to pay advance tax. As of now, banks are deducting 10% tax on fixed deposit … Webinterest in terms of Section 234B of the Income Tax Act, 1961 (in short ’the Act’) can be levied when the Settlement Commission (in short ’the Commission’) passes an order … Web10 Apr 2024 · 2.5 On 10th July, 1990, following the search conducted on 15th March, 1990 at the premises of M/s Rattan Gupta & Co., CA at Daryaganj, New Delhi, notices were issued by the Assistant Commissioner of Income Tax (for short, 'ACIT') (Investigation), Circle 7 (1), New Delhi to each of the assessees under Section 148 of the Act, in respect of ... horseshoe casino baltimore poker room