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SECTION 234F PENALTY
Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reason- Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27
- Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?
- What if you miss the July 31, 2026 ITR filing due date? Here are your optionsMissing the July 31, 2026 ITR filing deadline incurs a late fee. Belated returns can be filed with interest and a penalty up to Rs 5,000. C...31 Jul, 2026, 11.35 AM IST
- Rs 1,000 or Rs 5,000 late filing fee for missing ITR filing deadline of July 31? How much fine you may need to pay and whyITR filing deadline: The July 31, 2026, deadline is crucial for many taxpayers filing income tax returns. Missing this date incurs a late f...31 Jul, 2026, 09.56 AM IST
- Will government raise Rs 21,000 ESIC wage ceiling? Here's what Labour Ministry saidThe ESIC wage ceiling is periodically increased by the government. The last revision raised the limit to twenty-one thousand rupees monthly...30 Jul, 2026, 02.48 PM IST
- CWG 2026: Gavit strikes gold as India add three medals on Day 7, six boxers assure podium finishesCommonwealth Games 2026: India secured three medals, including a gold and two silvers, on Wednesday. Six boxers advanced to semifinals, gua...30 Jul, 2026, 08.00 AM IST
- TDS deducted but you haven't filed your ITR yet? Here's what happens if you miss the July 31 deadlineFailing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late fi...29 Jul, 2026, 06.24 PM IST
- HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank listHDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY...29 Jul, 2026, 01.03 PM IST
- Is government planning to scrap Long Term Capital Gain (LTCG) tax on equities for domestic investors in FY 26-27? Minister respondsLong Term Capital Gain: The Finance Ministry has denied contemplating the scrapping of LTCG tax on equities for domestic investors. There i...29 Jul, 2026, 12.48 PM IST
- Parul, Sreeshankar lead India's Day 7 medal charge at CWGIndian athletes Parul Chaudhary and Murali Sreeshankar headline Day 7 events. Six boxers are in quarterfinal action, aiming for medal conte...29 Jul, 2026, 07.11 AM IST
- Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54FMany taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house...28 Jul, 2026, 03.16 PM IST
- Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know howIndian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential p...27 Jul, 2026, 03.06 PM IST
- Rs 17.41 lakh penalty for ITR filing mistake: CA firm's owner's affidavit helps taxpayer get relief in ITAT Mumbai; know howRs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps tax...27 Jul, 2026, 02.34 PM IST
- FSSAI penalises Sopan Restaurant for sub-standard pantry car food on Chandigarh-Dibrugarh ExpressThe FSSAI has penalised Sopan Restaurant for selling sub-standard food. This action followed an analysis of milk samples from a train pantr...25 Jul, 2026, 05.57 PM IST
- ITR filing deadline FY 2025-26: Due dates, penalties, and what happens if you miss July 31 deadlineTaxpayers will file Income Tax Returns for FY 2025-26 under the Income-tax Act, 1961. The due date for most individuals is July 31, 2026, w...24 Jul, 2026, 01.42 PM IST
- ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax noticesMany taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. T...22 Jul, 2026, 12.37 PM IST
- What happens if you miss July 31, 2026, ITR filing deadline? Why you should not miss this due dateThe belated Income Tax Return filing deadline for AY 2026-27 is December 31, 2026. Missing this date can result in losing tax refunds and i...14 Jul, 2026, 08.33 AM IST
- Income tax penalties explained: Under-reporting, not furnishing ITR, and more -Defaults and penalties under different sectionsIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...13 Jul, 2026, 12.41 PM IST
- Section 234B interest on updated ITRs: CPC's computation logic appears contrary to lawTaxpayers filing updated returns face incorrect interest charges. Centralised Processing Centre calculates Section 234B interest beyond tax...09 Jul, 2026, 05.58 PM IST
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