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Delhi woman gets 6 months jail for failing to file ITR on ₹2 crore income

A Delhi Court sentenced a woman to six months in jail for not filing a return on income of ₹2 crores after a complaint was filed by the Income Tax Office alleging that TDS amounting to Rs. The court sentenced Savitri noting, “The convict is awarded a sentence of simple imprisonment for six months with a fine of ₹5,000 and …

Filing Of ITR Instead Of Income Certificate Cannot Deprive Eligible Meritorious Candidate Of Scholarship: Delhi High Court

The Delhi High Court has observed that a mere mistake of filing Income Tax Return certificate instead of Income Certificate cannot lead to a situation where an eligible meritorious candidate is deprived of the scholarship, when the two documents prove "same parameters of income requirements".Justice Prathiba M Singh made the observation while directing the Ministry of Social Justice. The Delhi …

Delhi High Court

Earlier, the last date for filing ITR by companies who are required to get their accounts audited was October 31 New Delhi: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The Central Board of Direct Taxes, the apex decision-making body in matters of income and …

New Delhi: A record 72.42 lakh income tax returns were filed on the last day of such filing on July 31, taking the cumulative returns to 5.83 crore, near to the same levels of last year. "The surge of filing ITRs peaked on July 31, 2022 with over 72.42 lakh ITRs being filed on a single day," an official statement …