1. Those taxpayers who link their PAN with biometric Aadhaar by June 30, 2022, would be required to pay late fees of Rs500. Beyond that, the penalty would rise to Rs1,000. In order to mitigate the inconvenience to taxpayers, as per notification dated March 29, 2022, a window of opportunity has been provided […]
GST Council will likely consider enforcing a ministerial panel’s recommendations on data analytics to tighten compliance to augment revenues. “The recommendations are about checking leakages at various points, from point of production till consumption. Central Board of Indirect Taxes and Customs has issued Instruction No. 02/2022-GST dated March 22, 2022, […]
1. Gujarat High Court bench of Justice J.B. Pardiwala and Justice Nisha M. Thakore have held that the issuance of a show cause notice along with the draft assessment order is absolutely necessary before passing an order under Section 144B of the Income Tax Act. 2. Indians with hidden income in the United […]