#taxpenalty
Vijay Can't Avoid Rs 1.5 Crore Tax Penalty, Court Dismisses His Appeal
In a significant legal blow to actor Vijay, the Madras High Court has upheld a Rs 1.5 crore tax penalty imposed by the Income Tax Department and dismissed his appeal challenging the levy. The penalty is linked to the alleged non-disclosure of additional income derived from the 2015 film Puli. According to the Income Tax Department, during tax searches conducted in 2015, it was revealed that of Vijay’s total remuneration of around Rs 15 crore, nearly Rs 5 crore was paid in cash and
Vijay Can't Avoid Rs 1.5 Crore Tax Penalty, Court Dismisses His Appeal
In a significant legal blow to actor Vijay, the Madras High Court has upheld a Rs 1.5 crore tax penalty imposed by the Income Tax Department and dismissed his appeal challenging the levy. The penalty is linked to the alleged non-disclosure of additional income derived from the 2015 film Puli. According to the Income Tax Department, during tax searches conducted in 2015, it was revealed that of Vijay’s total remuneration of around Rs 15 crore, nearly Rs 5 crore was paid in cash and
Missed ITR Deadline? File Belated Return By December 31, 2025 With Penalty
The government extended the Income Tax Return (ITR) filing deadline for Assessment Year 2025–26 by one day, from September 15 to September 16, 2025. However, many taxpayers still missed this revised cut-off. If you are among them, there is no need to panic, as the Income Tax Department allows belated returns to be filed until December 31, 2025. A belated return refers to an ITR filed after the due date. Accord
Missed ITR Deadline? File Belated Return By December 31, 2025 With Penalty
The government extended the Income Tax Return (ITR) filing deadline for Assessment Year 2025–26 by one day, from September 15 to September 16, 2025. However, many taxpayers still missed this revised cut-off. If you are among them, there is no need to panic, as the Income Tax Department allows belated returns to be filed until December 31, 2025. A belated return refers to an ITR filed after the due date. Accord
California taxpayers hit with IRS penalty after $30K error and bounced checks
A Bay Area couple is facing stress and frustration after a costly mistake nearly caused them to overpay $30,000 to the Internal Revenue Service. The error, made while attempting to submit their estimated 2025 tax payment early, has led to bounced checks, a financial penalty, and weeks of confusion with no clear resolution in sight. Joy and Kenneth Hays, residents of Livermore, California, were trying to make an early payment on their taxes, expecting to pay $3,360. But a simple mi
California taxpayers hit with IRS penalty after $30K error and bounced checks
A Bay Area couple is facing stress and frustration after a costly mistake nearly caused them to overpay $30,000 to the Internal Revenue Service. The error, made while attempting to submit their estimated 2025 tax payment early, has led to bounced checks, a financial penalty, and weeks of confusion with no clear resolution in sight. Joy and Kenneth Hays, residents of Livermore, California, were trying to make an early payment on their taxes, expecting to pay $3,360. But a simple mi









