The New Delhi Municipal Council on Tuesday conducted a sealing drive in Connaught Place over non-payment of property tax dues, officials said. Five to six shops were sealed, with the drive going on till late evening, the officials said. The drive was carried out in Connaught Place's B, C, D and G blocks. Atul Bhargava, president of the New Delhi Traders' Association, demanded that there should be a uniform tax regime across Delhi. "The NDMC (New Delhi Municipal Council) should follow the tax regime of the MCD (Municipal Corporation of Delhi). Why are there separate tax regimes?" he asked. He also said the NDMC informed the landlords about the outstanding taxes but never reached out to the tenants, who were caught unawares by the drive.
The government agency has also issued a show cause notice to PricewaterhouseCooper and a director was also questioned during the probe
Court allows Google Asia Pacific Pte Ltd to receive payments of Rs 1,106.41 crore from Google Cloud India after withholding tax of 8%, inclusive of surcharge and cess, for AY22-23
Company will invest in India, but looking for 'acceptable solution' to tax dispute
In a massive clean up of legacy issues, nearly one-fifth of about 5 lakh entities locked in tax litigation with the government have opted for a dispute redressal scheme
This is due to dismal participation and industry representations seeking more time for declaration
Consider factors like your chances of winning, cost of litigating, consequences of losing, implications of carrying forward losses, and so on and then decide whether to participate in the scheme
The scheme is the sixth tax amnesty launched by Modi-govt; none of its predecessors has yielded anything close to Rs 9 trillion, the amount the govt hopes to mop up this time
The CBDT has asked the regional Income Tax Department chiefs to "personally monitor" the exercise
The "area-based exemption" for new units of firms in Himachal Pradesh provides full exemption from excise duties for production of specific goods for 10 years, as per norms.
Tax department's move to raise payment for appeals to cause hardship for taxpayers, say experts
Govt is targeting a 14.3 per cent growth in direct taxes for current financial year
If this scheme, open from June 1 to December 31, fails to attract enough companies to participate, it could lead to a government setback, which had claimed to be promoting a tax-friendly environment.