MUMBAI: In a case between a senior citizen and the income tax department, the tax tribunal’s Mumbai bench held that the penalty levied for non-disclosure of interest earned on her tax refund is not valid.In their order, the ITAT bench comprising Amarjit Singh, accountant member, and Sandeep Singh Karhail, judicial member, emphasised that unless the refund is received, its interest element cannot be...
Apr 07, 2023, 07:30AM ISTSource: TOI.inNew income tax regime vs old tax regime: Income tax slabs for 2023-24 kick in from April 1, 2023. It’s time to choose between the revised new income tax regime and the old tax regime. With your investment declaration for the year looming, we help you make an informed choice on the new versus old regime. In this episode of TOI Wallet Talks, Surabhi Marwah, Tax...
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