Business News

Indian man moves to US for job, forgets to file ITR; here’s why ITAT Jaipur still canceled penalty

FinSiddhi

After relocating to the US in 2018, a taxpayer missed his income tax return deadline in India, leading to a penalty of ₹8.29 lakh. The ITAT Jaipur eventually ruled in his favor. Here’s why. 
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Related Posts

Fed officials fret over inflation risk, weigh rate hikes

Federal Reserve officials remain concerned about persistent inflation pressures. Incoming price reports will guide future interest rate decisions by policymakers. A divided committee discussed scenarios for potential policy responses. Some officials favor holding rates steady while others see hikes as appropriate. The central bank awaits crucial economic data to shape its next move.

Stocks in news: Swiggy, Adani Ports, IDFC First Bank, Hexaware Technologies and Sun Pharma

Indian markets experienced a sharp decline on Wednesday due to global factors. Technical analysis suggests further downside potential for the Nifty index. Several companies like Swiggy and Adani Ports are in focus today. Hyundai Motor India aims to regain its market position with new launches. ONGC is reviewing its Venezuelan assets after receiving US approval.