Page 13 - வருமானம் வரி மேல்முறையீடு தீர்ப்பாயம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Invest in spouse or child s name to avail of exemption, say analysts
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
income tax: Govt to tweak income tax law further to prevent pile-up of disputes
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Eight months since its roll-out, the faceless assessment mechanism has proved to be a success for the income tax department, with 1.06 lakh cases being disposed off so far in a ‘glitch-free manner,’ said Central Board of Direct Taxes’ Chairman P C Mody, in an interview with Business Standard. He added that the smooth functioning has addressed industry apprehensions related to an increase in litigation and high-pitch assessment. A crucial aspect of the faceless scheme is a pointed questionnaire by the department and a to-the-point reply by the assesse, he explained.
Of the 57,985 cases picked for assessment during its pilot last year, orders have been passed in 46,822 cases. Of the 1.36 lakh new cases picked up since the launch of the scheme on August 13, the assessment has been completed for 59,552 cases so far.
Govt notifies tribunals reforms bill through ordinance
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Last Updated: Apr 05, 2021, 03:34 PM IST
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Synopsis
In the Cinematograph Act, the appellate body will now be the High Court instead of the tribunal, while in the Copyright Act, commercial court or the commercial division of the High Court has been made the appellate body instead of appellate Board. Similarly, the High Court will replace the Board in the Patents Act and Trade Marks Act.
Agencies
Bill brings into effect dissolution of several appellate bodies and transferring their functions to judicial bodies.
The government Monday enacted the law on tribunal reforms bringing into effect dissolution of several appellate bodies and transferring their functions to judicial bodies.
ITAT denies BoI Rs 183cr refund for foreign tax
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.