Tax Demand
Latest news, explainers and analysis on Tax Demand. Tracking 3 stories on Arth Vani.
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Latest on Tax Demand
NU Vista Faces ₹24.98 Crore Tax Demand Notice for FY23
NU Vista has received a show cause notice from tax authorities demanding ₹24.98 crore for the financial year 2022-23. The demand is related to discrepancies in yield calculations and accounting for moisture loss.
BreakingBengaluru Man Wins ITAT Case Over ₹2.33 Crore Online Gaming Tax Demand
A Bengaluru resident successfully challenged an income tax demand of ₹2.33 crore on his online gaming winnings at the Income Tax Appellate Tribunal (ITAT). The ITAT ruled in his favour, providing relief from the significant tax assessment. This outcome highlights the ongoing scrutiny and evolving interpretations surrounding the taxation of online gaming income in India.
BreakingIncome Tax Refund Delayed? Section 245 Notice Means Demand Adjustment
If you've received a Section 245 notice from the Income Tax Department, it means your tax refund might be used to clear an old tax demand. You can check the demand details online and choose to accept or dispute it within the stipulated time.
Tax figures shown are indicative estimates for education only and depend on your specific situation. Consult a qualified tax professional or the Income-Tax Department before acting.