Tax Settlement

Sebi trying to reduce float to cut risk, bring transparency: WTM Narayan

Ananth Narayan says total float with brokers, custodians equals a mid-sized bank

Record 72.8 million ITRs filed till Jul 31 deadline, says I-T department

About 5.9 million were first-time filers, reflecting widening of the tax base

Income Tax dept begins scrutiny in reassessment cases for AY-2018-19

The scrutiny might result in a raft of tax notices

Transfer of baton: New-gen leaders to take the reins as Godrej group splits

Each family may sell the shares it holds personally and/or via trusts to the other family in tax-neutral transactions

Multi-billion dollar Godrej family split may not attract tax, say lawyers

A family settlement is defined as an arrangement between members of the family with the intent to avoid disputes

Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up

Liquidity may not improve immediately as tax outflows of around Rs 1.25 trn are scheduled in March, says one expert

On the cards: Automated reconciliation system to plug I-T mismatches

No documents needed; dept won't send notice

North-South divide: Decoding unfair tax money devolution to southern states

The row over depriving southern states of their share picks up steam with Karnataka Congress leaders' protest

RBI imposes penalty of Rs 13.9 lakh on Mynd Solutions for non-compliance

Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators

New terms for settling retrospective tax cases may be unwieldy: Experts

Any dispute subject to jurisdiction of Indian courts could be a prickly issue, say experts

I-T dept asks tax officials to take applications for settlement till Sep 30

The Income Tax department has issued an order asking taxmen to accept till September 30, applications for settlement of pending tax cases.

CBDT allows taxpayers an opportunity to file application for settlement

CBDT on Tuesday said that taxpayers can file applications for settlement by September 30, 2021 before the Interim Board if they satisfy certain conditions.

Rs 97k cr disputed sum offered for settlement under Vivad Se Vishwas

So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora

Govt may allow EMIs for Vivad se Vishwas scheme amid Covid-19 crisis

The scheme requires payments to be made before June 30, which appears difficult for most businesses facing cash crunch and near-term economic uncertainty due to the lockdown.

Vivad se Vishwas: Rupee fall lures MNCs to opt for tax settlement scheme

I-T dept receives 24 enquiries from Indian subsidiaries, permanent establishments of foreign firms

Sabka Vishwas legacy dispute scheme may not add much to govt coffers

Govt faces uphill task of meeting indirect tax target despite scaling it down

Industry urges FM Nirmala Sitharaman to change tax settlement scheme

Sources in Ficci say the lacuna of the scheme is that 100% of the disputed tax has to be paid

Deadline on tax settlement offers likely for companies

The government says Vodafone owes it over $2 billion in taxes and interest on its 2007 purchase of the Indian business of Hutchison Whampoa