Flawed IT reassessment notices quashed
The tax department’s capricious plan to harass taxpayers by extending the validity of a tax provision by 3 months was grounded in the so-called Relaxation Act of 2020
Source: telegraphindia.com
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Govt rules out extending deadline for filing income tax returns
As the ITR filing deadline draws to a close, over 5.62 crore returns have been filed till 3pm, 14 per cent higher than the 4.93 crore filed till December 31 last year
Source: telegraphindia.com
Plea to extend filing deadline due income tax portal glitches
The last date for filing returns for assessment year 2021-22 is December 31
Source: telegraphindia.com
Plea to review the steep tax rate on unexplained income, expenditure
The rates were raised through an amendment to section 115BBE of Income Tax Act from assessment year 2017-18 following demonetisation
Source: telegraphindia.com
EEPC urges govt to reduce tax burden on LLPs, proprietary firms, individuals
EEPC India Chairman Mahesh Desai claimed around 84 per cent of small businesses are being denied the benefit of lower corporate tax which was aimed at providing industrial units with more investible surplus.
Source: businesstoday.in