Window dressing by holding back refunds, appeal effects, etc, in the last quarter of the fiscal to achieve budgeted figures and postponing them to the first quarter of next fiscal are symptoms of the malady of unrealistic tax
The income tax legislation has a separate chapter outlining the method and timelines for taxpayers to obtain an advance ruling regarding their tax liability arising from a transaction proposed to be undertaken by or with a no
Starting from 1951, governments announced at least one income tax voluntary disclosure or bond scheme each decade till the 1990s—the last one being the Voluntary Disclosure of Income Scheme (VDIS), in 1997. Compulsions like
When the Indian arm reimburses its foreign parent for the salary paid by the parent, Indian Revenue charges this payment to tax on the ground that the parent is rendering technical services to the Indian arm. Is this correct?