# interest
7 posts in `interest` tag
No Penalties Not Reporting Interest Tax Refunds
The ITAT bench emphasized in their judgment that the interest portion of the refund should not be evaluated until it is actually received.
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By Krishna
ITAT No Penalty Not Disclosing Interest Tax Refund
In a case involving a senior citizen and the income tax department, the Mumbai bench of the tax tribunal has ruled that the penalty is not valid which was imposed for not disclosing the interest earned on tax refund.
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By Krishna
Special Bank FDs With Higher Interest Rates Ending Soon
If any of the fixed deposit plans listed below catch your eye, it's best to act fast to obtain them because banks have just announced special fixed deposits for a short time that provide higher interest rates than typical FDs.
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By Krishna
Interest Under Section 234A, 234B, & 234C
Interest under sections 234A, 234B, and 234C are crucial provisions under the Indian Income Tax Act that deal with the imposition of interest charges for various non-compliance scenarios. These sections aim to ensure timely tax payments and compliance with tax regulations.
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By Krishna
CBIC to Provide Big Relief for these GST Small Taxpayers
CBIC will provide significant relief to these GST small taxpayers by lowering interest rates for a specified period of time for tax periods ranging from February to July 2020.
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By Krishna
Deduction 80EEA in respect of Interest paid on Loan for Residential House Property
Deduction 80EEA In Respect Of Interest Paid On Loan Taken For Acquisition Of Residential House Property (Affordable Housing).
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By Krishna
CBDT Notification No. 35/2020
CBDT Notification No. 35/2020 Revised Income Tax Due Dates, Interest on Delayed Payment
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By Krishna