United Kingdom based Man did not reply to tax notice and neither attended the proceedings; tax dept imposes Rs 10,000 penalty ...

Gujarat Man sells 350 grams of gold for Rs 11 lakh; tax dept deems it as accommodation entry under Section 69A and sends ...

The ruling clarifies that specified sum under section 269SS refers to advances linked to property transfers. Cash received as final consideration at registration cannot trigger penalty under section ...

The issue was whether commission income could be estimated without rejecting books of account. The Tribunal ruled that estimation without invoking section 145(3) and section 144 is ...

In a notable case highlighting taxpayer rights, an Ahmedabad-based gold trader, successfully contested a decision made by the ...

With close to a decade of writing and editing experience, Maisha specializes in service journalism and has produced work in the lifestyle, financial services, real estate, and culture spaces. She uses ...

CIT Bank offers a variety of deposit accounts, but the main attraction is the CIT Bank Platinum Savings Account thanks to its high APY (it also earned a spot on our best savings accounts list). And ...

Equity Group Investments (“EGI”), the private investment firm founded by Sam Zell, today announced an investment in CIT Trucks, a leading provider of truck sales, service, parts, leasing & rental, and ...

A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account. David Welles ...

With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, ...