Tax collection in India one of the highest, reduce direct tax to 25 pc from 40 pc: Surjit Bhalla https://economictimes.indiatimes.com/news/economy/finance/tax-collection-in-india-one-of-the-highest-reduce-direct-tax-to-25-pc-from-40-pc-surjit-bhalla/articleshow/100571846.cms Download Economic Times App to
Read: Your queries: Loans – Loan prepayment does not impact credit score
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Read: CBIC issues SoPs for scrutiny of GST returns for FY’20 onwards; DGARM to identify cases
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Read: Economic recession in Germany may impact certain export sectors from India: CII EXIM
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Read: Tax collection in India one of the highest, reduce direct tax to 25 pc from 40 pc: Surjit Bhalla
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👍👍👍👍👍Clipped from: https://taxguru.in/income-tax/violation-principles-natural-justice-itat-restores-matter-back-ao.html
Bashir Ahmad Sofi Nowhatta Vs ITO (ITAT Amritsar) Admittedly, the lower authorities have passed orders ex parte qua the assessee in violation of principles of natural justice,
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Read: Scrap 20% TCS
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No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days
Read More: https://www.taxscan.in/no-cogent-and-satisfactory-explanation-u-s-5-of-limitation-act-itat-refuses-to-condone-delay-of-781-days/280769/ Top Stories The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has refused to condone a delay of 781 days holding that cogent and satisfactory explanation were
Read: What’s Aspire Scheme from MSME ministry, eligibility, benefits, more; check details
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First Week of All India GST Drive reveals 10000 Fraud Registrations
Clipped from: https://www.taxscan.in/first-week-of-all-india-gst-drive-reveals-10000-fraud-registrations/281347/ In the first week of the joint drive, tax officials have identified around 10,000 illegitimate GST registrations, according to sources. The verification process
Failure to file Audit Report through a Qualified CA: ITAT upholds Penalty u/s 271B of Income Tax Act
Clipped from: https://www.taxscan.in/failure-to-file-audit-report-through-a-qualified-ca-itat-upholds-penalty-u-s-271b-of-income-tax-act/281279/ Top Stories The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has recently upheld a penalty under Section 271B of the Income Tax Act, 1961 as
👍Power of Reopening Assessment is a Power, which is to be Sparingly used for Adequate Reasons: Calcutta HC quashes Assessment Order on Failure to Comply Natural Justice Principles
Clipped from: https://www.taxscan.in/power-of-reopening-assessment-is-a-power-which-is-to-be-sparingly-used-for-adequate-reasons-calcutta-hc-quashes-assessment-order-on-failure-to-comply-natural-justice-principles/281264/ Top Stories Quashing the assessment order on failure to comply natural justice principles the Calcutta High Court remarked that the power of reopening
