Income Tax

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Union Budget 2023: Fiscal deficit estimated at 6.9 percent of GDP, Finance Minister Nirmala Sitharaman announces Rs 7000 cr for phase 3 of E-Courts project

The recent verdict of the apex court of Switzerland makes it viable for foreign governments to chase alleged tax evaders. India now has the information and the regulations. How the information is deployed and the law invoked will decide the wisdom or maturity of the tax administration

Income Tax in India T...

Taxes are the main source of revenue collection for the government so that the government may utilize this revenue for development of infrastructure, providing healthcare, education and other government’s welfare schemes for its citizen. 

The non-disclosure came to light during a joint search conducted by officials from the Income Tax Department and the Enforcement Directorate on December 1, 2015 in connection with the case of Advantage Strategic Consulting Pvt Ltd.

New Delhi (ILNS): A plea has landed before the Supreme Court, challenging the Income Tax department’s stand opposing Karti Chidambaram’s request to be discharged from prosecution initiated in 2018 for having allegedly evaded capital gains tax in the assessment year 2014-15.