Real Estate
Max Estates Subsidiary Faces ₹21.13 Lakh Income Tax Demand
Max Estates Limited's subsidiary, Max Square Limited, has received a ₹21.13 lakh income tax demand order from the National Faceless Appeal Centre (NFAC). The demand is related to the assessment year 2021-22 and focuses on the treatment of interest income from fixed deposits.
real estate news
Max Estates Subsidiary Faces ₹21.13 Lakh Income Tax Demand from NFAC
Max Estates Limited's subsidiary, Max Square Limited, has received an income tax demand order of ₹21.13 lakh from the National Faceless Appeal Centre (NFAC). The demand is related to the assessment year 2021–22 and concerns the treatment of interest income from fixed deposits.
Real Estate
ITAT Dismisses Revenue's Appeal on Education Cess Deduction, Case Remanded
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal filed by the Income Tax Department against AVR Storage Tank Terminals Pvt. Ltd. regarding the deduction of education cess. The case has been remanded to the Commissioner of Income Tax (Appeals) for fresh adjudication.
Real Estate
Will the Income Tax Department Extend ITR Filing Due Date for AY 2025-26?
As the July 31 deadline for filing income tax returns (ITR) approaches, chartered accountants (CAs) are already fielding early questions from clients about potential extensions. With the delay in releasing ITR forms and utilities, the possibility of an extension is being discussed.
Real Estate
Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim
The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.
Real Estate
Madras High Court Directs ITO to Process Rs. 3L Income Tax Refund Claim
The Madras High Court has directed a taxpayer to file a fresh representation before the Income Tax Officer (ITO) for an income tax refund of Rs. 3 lakhs for the Assessment Year (AY) 2015-16. The court also instructed the ITO to consider and act upon the representation within six weeks.