E-PaperTax Assessment News
Sitharaman to assess tax harassment charges, review CSR default penalty
The Companies (Amendment) Bill 2019 proposes that any unspent annual CSR funds should be transferred to a specified government fund within six months of the financial yearTo help small businesses, the government will expeditiously clear all their dues except in cases where there are disputes
1 min read9 Aug 20193rd instalment of advance tax due on 15 December
If you fail to adhere to the advance tax schedule, you will have to pay interest on the due taxes
3 min read13 Dec 2018The costs of poor quality tax assessments
Most assessments are carried out in a routine fashion, without understanding business complexities and ground realities
4 min read6 Mar 2018Budget 2018: Team-based I-T scrutiny, e-assessment of returns from FY 2019
The e-assessment is aimed at reducing the interface between income tax dept and taxpayers and increasing efficiency and transparency, says Arun Jaitley in his budget speech
1 min read1 Feb 2018Full I-T e-assessment from next year; CBDT forms committee
CBDT has notified a nine-member committee headed by a principal chief commissioner rank officer, and has set for it a deadline of 28 February 2018, for submitting its report
2 min read19 Dec 2017Govt mulls over electronic tax scrutiny for top 500 firms
The electronic tax scrutiny will eliminate the need for all human interactions in assessment of tax returns that will be replaced with an online system
1 min read5 Dec 2017Tax dept tells officers to not open last year’s assessments on higher turnover this year
Income tax department says assessments can't be opened solely on the basis of increased turnover this year on account of use of digital payment methods
1 min read12 Dec 2016Accord and discord in GST council
Centre, statesagree on range of issues but West Bengal, Tamil Nadu differ on control of all service tax assesses
2 min read2 Oct 2016Committees to be set up in every region to address taxpayer woes
Aggressive tax assessment orders lead to harassment of taxpayers, wastes time, says I-T department
1 min read11 Nov 2015Cairn Energy says contacted by Indian tax authority
Cairn said the assessments were for the year ended 31 March 2007
1 min read25 Jan 2014Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared