Missing 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...

The 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: remittance transfer providers get a break. A new 1% excise tax is coming, but early penalties for mistakes are waived. Thi...

Haryana's One Time Settlement scheme saw over 97,000 taxpayers benefit. They settled tax arrears worth Rs 712.88 crore. The scheme applied ...

Waiver 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...

Maharashtra's Deputy Chief Minister, Ajit Pawar, announced an amnesty scheme for state GST dues. The scheme aims to recover Rs 6,000 crore,...

GST 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...

Goods and Services Tax (GST): Section 128A which was announced in Budget 2024 provides relief to GST registered taxpayers who have a pendin...

Goods and Service Tax (GST): The newly inserted section 128A has been notified by the Ministry of Finance with effect from November 1, 2024...

Budget 2024: Relief for GST registered individuals and companies. "The waiver of interest and penalties for tax disputes faced by genuine t...

IndiGo 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...

According to a notification issued Tuesday, the Board said that the three-month waiver will be applicable subject to the condition that com...

With over Rs 9 lakh crore worth direct taxes locked up in litigation, the government last week introduced 'Direct Tax Vivad se Vishwas Bill...

The scheme, which would extend beyond February, but with some conditions, is applicable to all types of properties, residential and commerc...

However, the final decision on whether to grant immunity or not rests with the concerned tax authority where you have appealed for the same.

CBDT has recommended waiver of penalties in cases where tax laws are applied retrospectively, two government officials familiar with the de...

Govt may dilute the provisions to allow waiver of penalties on tax demands to be raised on Vodafone-like acquisitions involving domestic as...