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.
Two days before the first presidential debate of 2020 The New York Times dropped a bombshell story about how Trump paid only token tax amounts on hundreds of millions of US dollars flowing into the Trump Organization and its subsidiaries
The reforms are meant to benefit sincere taxpayers, ensure their fair and polite treatment, and ease their compliance burden. Yet, tax harassment and trial notices are the order of the day, leading to distrust
The Central Board of Direct Taxes (CBDT) vide Notification dated June 24, 2020 and the Ministry of Finance, June 24, 2020 has provided a much needed clarity and has given a legislative sanction to the income tax reforms inter alia proposed by the Hon’ble Finance Minister in light of the pandemic COVID 19.