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TAX PENALTY WAIVER
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
- IRS tax deadline extension for Washington disaster relief: New 2026 filing date, eligibility, process, refund insights and key updatesIRS tax deadline extension 2026: Washington residents hit by severe weather now have until August 15, 2026, to file taxes, thanks to an IRS...
- How much do 2026 tax penalties cost if you file late? IRS interest rates and monthly fees explainedMissing the April 15 deadline in 2026 can cost you up to 25% in penalties alone. The 2026 tax penalties cost late filing starts at 5% per m...
- SC upholds CESTAT ruling, rejects ₹244-cr service tax and penalty demand on AirtelThe Supreme Court has delivered a decisive blow to the tax department's efforts, rejecting a service tax demand of ₹119 crore plus penaltie...
- IRS 2025 update: good news as penalties waived for new remittance tax — here’s what you need to knowIRS 2025 update: remittance transfer providers get a break. A new 1% excise tax is coming, but early penalties for mistakes are waived. Thi...
- Over 97,000 taxpayers avail benefits under One Time Settlement scheme, says Haryana govtHaryana's One Time Settlement scheme saw over 97,000 taxpayers benefit. They settled tax arrears worth Rs 712.88 crore. The scheme applied ...
- New GST amnesty scheme notified: Waiver of interest and penalty on GST tax demand for eligible taxpayers to be effective from November 1, 2024Waiver of GST tax demand interest and penalty: The Ministry of Finance has notified the rules and conditions to follow if you need to use 1...
- Pending GST tax dues recovery under amnesty scheme likely to be Rs 6,000 cr: Ajit PawarMaharashtra's Deputy Chief Minister, Ajit Pawar, announced an amnesty scheme for state GST dues. The scheme aims to recover Rs 6,000 crore,...
- New process to pay tax demand under GST amnesty scheme clarified by GSTNGST amnesty scheme: If you want to apply for Goods and Services Tax (GST) amnesty scheme waiver of interest and penalty then you need to fo...
- Have a query about the new GST amnesty scheme for waiver of interest and penalty? CBIC releases FAQ and clarificationsGoods and Services Tax (GST): Section 128A which was announced in Budget 2024 provides relief to GST registered taxpayers who have a pendin...
- GST relief: No need to pay interest and penalty on GST tax demand; conditional waiver from November 1, 2024Goods and Service Tax (GST): The newly inserted section 128A has been notified by the Ministry of Finance with effect from November 1, 2024...
- Big GST relief in budget 2024: No need to pay interest and penalty for these GST noticesBudget 2024: Relief for GST registered individuals and companies. "The waiver of interest and penalties for tax disputes faced by genuine t...
- US Customs and Border Protection slaps fine on IndiGoIndiGo was fined USD 5,832.60 by US Customs and Border Protection for late payment of the immigration user fee. The airline is seeking a wa...
- CBIC extends penalty waiver on dynamic QR Code implementation till June 30, 2021According to a notification issued Tuesday, the Board said that the three-month waiver will be applicable subject to the condition that com...
- FM holds meeting with industry on direct tax dispute resolution schemeWith over Rs 9 lakh crore worth direct taxes locked up in litigation, the government last week introduced 'Direct Tax Vivad se Vishwas Bill...
- Now, you can pay property tax sans penalty till FebruaryThe scheme, which would extend beyond February, but with some conditions, is applicable to all types of properties, residential and commerc...
- Scared of tax penalties and imprisonment on black money? This may help you get immunityHowever, the final decision on whether to grant immunity or not rests with the concerned tax authority where you have appealed for the same.
- CBDT bats for penalty waiver in retro tax cases; boost for Vodafone?CBDT has recommended waiver of penalties in cases where tax laws are applied retrospectively, two government officials familiar with the de...
- Government may consider waiving penalty in Vodafone-like casesGovt may dilute the provisions to allow waiver of penalties on tax demands to be raised on Vodafone-like acquisitions involving domestic as...
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