Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Direct Tax »
Open DEMAT Account in 24 hrs
 Know All Income Tax Due Dates for 2023: CBDT Releases E-Calender
 Missed filing ITR? Deadline to file belated income tax return to end on December 31
 Income Tax Return: Regular filers getting intimation with pending status for not filing ITR yet
 Partial relaxation with respect to electronic submission of Form 10F by select category of taxpayers in accordance with the DGIT (Systems) Notification No. 3 Of 2022
 Income Tax Return: Why is ITR verification time limit reduced? Is the reduction going to stay?
  Will CBDT proposal simplify taxpayers' job? Common Income tax return form
 What is Rule 132 of Income Tax and how it is important for taxpayers?
 How to file ITRs when it s belated, revised, updated
 What is the difference between belated, revised and updated ITRs?
 CBDT notifies Rules for E-Filing of Income Tax Return by Successor Entity to a Business Reorganization in Form ITR-A
 Direct tax collections may exceed budget targets, CBDT chief says

Avoid tax litigation, says CBDT chief
September, 05th 2014

Taxpayers should not be too aggressive in interpreting the income-tax law and claim tax breaks that are far fetched.

Any aggressive approach and interpretative ingenuities by tax payers and professionals who assist them could only lead to more litigation, according to Anita Kapur, Member, Central Board of Direct Taxes (CBDT).

Taxes are now moving into the boardrooms, she said, pointing out that they create the image of not only of the Government but also of an enterprise.

“You cannot survive in the current world if you get the image of a tax avoider,” she said at an international tax conference organised by PHD Chambers of Commerce and Industry (PHDCCI).

Later in the day, Isomata Akio, Economic Minister, Embassy of Japan, urged India to exempt Japanese manufacturers operating in India from withholding tax and also minimum alternate tax.

These taxes should not evolve into being trade barrier and prevent Japan from becoming India’s largest trade partner in times to come, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting