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Amnesty schemes flop: NMC recovers only Rs 85 cr against target of Rs 450 crore

Amnesty schemes flop: NMC recovers only Rs 85 cr against target of Rs 450 crore
nagpurtoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nagpurtoday.in Daily Mail and Mail on Sunday newspapers.

Nagpur , Maharashtra , India , Nehru-nagar , Tamil-nadu , Laxmi-nagar , Hanuman-nagar , Abhijeet-chaudhari , Water-works-department , Nagpur-municipal-corporation , Property-tax-department , Amnesty-schemes

No amnesty scheme for expats: Law to be invoked against industries exploiting consumers: Dar

ISLAMABAD: Finance Minister Ishaq Dar Saturday categorically said the government has not announced any amnesty ...

Peshawar , North-west-frontier , Pakistan , Islamabad , Pakistanis , National-assembly-standing-committee-on , Senate-standing-committee-on , Finance-minister-ishaq-dar-saturday , Income-tax-ordinance , Federal-board , Senate-standing-committee

Maharashtra govt issues notification on Amnesty Scheme & other measures to complete stuck up rehabilitation projects in Mumbai

Finally, after debate and announcements in and outside the state legislature, the Maharashtra Government on Wednesday issued a government resolution on the implementation of Amnesty Scheme and related measures for the speedy completion of languishing slum rehabilitation projects in Mumbai.

Mumbai , Maharashtra , India , Jitendra-awhad , Free-press-journal , Securities-exchange-board-of-india , Maha-govt , Amnesty-scheme , Reserve-bank , Securities-exchange-board , Maharashtra-government , Minister-jitendra-awhad

Five-year tax relief for overseas investors

Five-year tax relief for overseas investors
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

Lahore , Punjab , Pakistan , Radio-pakistan , Sindh , Pakistanis , Pakistani , Usman-buzdar , International-monetary-fund , Minister-imran-khan-tuesday , Amnesty-schemes , Chief-minister-punjab-usman-buzdar

OICCI calls for radical steps to check tax evasion

OICCI calls for radical steps to check tax evasion
National
May 3, 2021
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has recommended to the finance teams working on the upcoming budget 2021-22 for seizure of local assets or levy appropriate taxes if any person holds any assets abroad.
The OICCI top office bearers, who held a meeting with Minister for Finance Shaukat Tarin and his economic team and recommended for bringing illicit trade into tax ambit especially tax evaded cigarettes that could fetch Rs 70 billion for the national kitty per annum, revising Afghan Transit Trade Agreement (ATTA) and registering all income earners into the tax net.

Afghanistan , Pakistan , Islamabad , Afghan , Shaukat-tarin , Exchange-of-information , International-chamber , Global-forum-on-transparency , Investors-chamber , Overseas-international-chamber , Finance-shaukat-tarin , Afghan-transit-trade-agreement

OICCI calls for radical steps to check tax evasion

OICCI calls for radical steps to check tax evasion
National
May 2, 2021
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has recommended to the finance teams working on the upcoming budget 2021-22 for seizure of local assets or levy appropriate taxes if any person holds any assets abroad.
The OICCI top office bearers, who held a meeting with Minister for Finance Shaukat Tarin and his economic team and recommended for bringing illicit trade into tax ambit especially tax evaded cigarettes that could fetch Rs 70 billion for the national kitty per annum, revising Afghan Transit Trade Agreement (ATTA) and registering all income earners into the tax net. “Appropriate laws should be drafted to enable the government to seize local assets, in equivalent value, or levy appropriate taxes, if any person holds any assets outside the country without justified source of income,” the OICCI recommended to the government. The Overseas Investors Chamber of Commerce and Industry comprises top 200 foreign investors in Pakistan belonging to 35 countries.

Afghanistan , Pakistan , Islamabad , Afghan , Shaukat-tarin , Exchange-of-information , International-chamber , Global-forum-on-transparency , Investors-chamber , Overseas-international-chamber , Finance-shaukat-tarin , Afghan-transit-trade-agreement

OICCI Asks FBR and SBP to Ensure Bank Customers With High Turnovers File Taxes

OICCI Asks FBR and SBP to Ensure Bank Customers With High Turnovers File Taxes
propakistani.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propakistani.pk Daily Mail and Mail on Sunday newspapers.

Pakistan , Ministry-of-commerce-national-tariff-commission , Exchange-of-information , Global-forum-on-transparency , World-bank , Investors-chamber , Overseas-investors-chamber , Federal-board , State-bank , Doing-business , National-tariff-commission

Good riddance - The Hindu BusinessLine

Good riddance
Settlement Commission was unfair to honest taxpayers
The Wanchoo Committee of yore, which found tax amnesty schemes morally reprehensible what with the same set of defaulters making use of them repeatedly and blithely unmindful of the admonition, strangely recommended the setting up of a Settlement Commission to which a tax defaulter could unburden his woes and get partial relief from tax and a complete reprieve from penalty and jail term.
That Settlement Commission mechanism was nothing but a permanent if quasi-amnesty scheme. Settlement smacks of the concept of plea bargaining that is alien to Indian criminal jurisprudence.
So much so that in 1979, in Commissioner of Income Tax vs BN Bhattacharjee & Anr, Justice VR Krishna Iyer of the Supreme Court made no secret of his displeasure with the mechanism and castigated it as serving the interests of tycoons and indulging in their tax offences.

Krishna-iyer , Bhattacharjee-anr , Settlement-commission , Supreme-court , Wanchoo-committee , Revenue-department , Income-tax , Finance-bill , It-department , Amnesty-schemes , Defaulters , கிருஷ்ணா-இயேற்