Tax Assessment
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Tax Assessments Against Congress Based On Incriminating Evidence: Sources
Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.
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Centralised Assessment May Be Required If...: Supreme Court To Gandhis Over Tax Case
A centralised assessment may be required if there are cross transactions between individuals, the Supreme Court said on Tuesday while hearing the petitions filed by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra.
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High Court Rejects Gandhis' Petition Over Income Tax Assessment Transfer
The Delhi High Court today rejected petitions by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra against the Income Tax department's decision to transfer their tax assessments.
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Time Limit For Reopening Of IT Assessment Halved To 3 Years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
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Tax Assessments Against Congress Based On Incriminating Evidence: Sources
Income tax notices to the Indian National Congress were issued back in March 2023 and the assessment proceedings demanded for those seven years, as per law, were set to get time barred on March 31, 2024, according to sources.
-
Centralised Assessment May Be Required If...: Supreme Court To Gandhis Over Tax Case
A centralised assessment may be required if there are cross transactions between individuals, the Supreme Court said on Tuesday while hearing the petitions filed by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra.
-
High Court Rejects Gandhis' Petition Over Income Tax Assessment Transfer
The Delhi High Court today rejected petitions by Congress leaders Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra against the Income Tax department's decision to transfer their tax assessments.
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Time Limit For Reopening Of IT Assessment Halved To 3 Years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
