Tax Dispute

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.