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
 Govt kicks off direct tax code revision
 ITR 2024 25 Check tax department s update on TDS and refunds
 Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains
 Income tax exemption: 4 financial instruments you can still invest into before March 31
 CBDT drops small tax demands but not TCS, TDS claims
 ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount
 Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?
 Average tax return processing time cut to 10 days: CBDT
 7 types of Income Tax Notice ITR filers may receive for AY 2023-24
 ITR filing: Do these advance preparations before filing your income tax return
 What are the strategies to maximize tax refunds after submitting an income tax return (ITR)?

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 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting