Delhi High Court Failure Of Dept. Value Of Shares Allotted Under Employees Stock Purchase Scheme Can't Be Treated As Perquisite As Per Sec 17: Delhi High Court Case Title: Ravi Kumar Sinha vs. CIT While emphasizing that no tax can be levied on notional income, the Delhi High Court held that Valuation Report obtained by employer could have no application …
In the Lok Sabha, Opposition MPs of the Congress, DMK, TMC, and others opposed the PM CARES Fund, alleging that it lacked transparency On the sixth day of the Monsoon Session of Parliament on Saturday, the Lok Sabha passed the Taxation Amendment Bill after a detailed debate in which allegations of corruption flew across Opposition and Treasury benches. The Bill …
On 13 August, Prime Minister Narendra Modi announced the implementation of faceless assessments with immediate effect and faceless appeals from 25 September. Further, if NEC is not satisfied with the draft order of assessment unit, they may assign the draft assessment order to the review unit for conducting review of such order. The assessment unit after considering the suggestions of …
NEW DELHI: When finance minister Nirmala Sitharaman met business heads February to assess how the coronavirus pandemic could impact India’s industry, the immediate fear conveyed was the shortage of raw materials from China. The fear of imported raw material supplies drying up has since then set off a series of steps towards a big makeover of India’s handling of cross …