Search result for 'tax disputes'

Skoda Auto Volkswagen India faces a USD 1.4 billion tax demand for allegedly misclassifying imports as parts, not CKD units. Customs department assures no shipment disruption.

India's new Income Tax Bill, replacing the 1961 Act, is expected to be tabled today. The 622-page bill simplifies tax laws, introduces new provisions, and aims to reduce disputes.

India's Finance Minister announces extension of tax filing deadline to 4 years, along with other tax benefits for senior citizens and startups. Read more about the 2023 Budget.

CII recommends a 10-point agenda to improve India's ease of doing business, focusing on simplifying regulations, reducing compliance burdens, and enhancing transparency ahead of the upcoming budget.

EY expects the upcoming Budget to prioritize tax simplification, reduced personal income tax, and boosting private investment for economic growth. The firm also calls for clearing income tax...

Developing nations clash with rich countries over EU's carbon border tax at COP29, delaying talks on climate finance goals. Concerns raised about impact on economies and trade.

The Supreme Court disposed of 573 direct tax cases post-revision in monetary limits for filing appeals, as per the finance ministry. This move is expected to reduce tax litigation and promote ease...

India's Income Tax Department launches Vivad Se Vishwas 2.0, offering reduced settlement amounts for tax disputes resolved by December 31, 2024. Learn more about the scheme and its benefits.

The government has notified October 1 as the start date for the Vivad Se Vishwas 2.0 scheme, which aims to resolve income tax disputes. The scheme offers a chance for taxpayers to settle pending...

India's income tax department has increased the minimum threshold for filing appeals in tribunals, high courts, and the Supreme Court, aiming to reduce unnecessary litigation and expedite tax...

India's CBDT has established dispute resolution committees (DRCs) in all 18 principal commissionerates for online resolution of tax disputes. The e-Dispute Resolution Scheme aims to reduce...

India's Budget 2024 proposes Vivad Se Vishwas 2.0 to reduce tax litigation, tightens reassessment rules, and increases appeal thresholds.

The US-India Strategic Partnership Forum has urged Finance Minister Nirmala Sitharaman to ensure a stable and predictable tax environment ahead of the upcoming budget. The forum suggests...

Jammu and Kashmir Administrative Council grants amnesty for settling tax arrears from the pre-GST era, offering relief to taxpayers with waiver of interest and penalty. Learn more about the scheme...