ICAI Pre-Budget Memorandum-2018 on Direct and Indirect Taxes submitted to the Government in view of the ensuing Budget
The memorandum contains suggestions for the consideration of the Government while formulating the tax proposals for the year 2018-19.
The suggestions have been broadly categorized and divided under the following two parts:
As per the Memorandum, the suggestions aim to improve tax collection, reduce/minimize litigations, rationalization of the provisions of direct tax laws and removal of administrative and procedural difficulties relating to Direct Taxes.
The Memorandum contains suggestions on issues relating to Service Tax, CENVAT Credit Rules, 2017, Excise Duty, Customs Duty and Central Sales Tax for the consideration of the Government while formulating the tax proposals for the year 2018-19. The suggestions aim at making tax laws simple, fair and transparent and avoiding litigation.
AO not justified in rejecting registered valuer’s report without making a reference to the DVO - ITAT In a recent…
FCRA specifies list of purposes to be selected for which registration is applied. The Ministry of Home Affairs has notified…
Assessee was not liable to withhold tax at source u/s 40(a)(i) on cost-to-cost reimbursement made to parent company In a…
Temporarily blocking public access to Telegram App under section 69A of IT Act 2000 is not disproportionate - Delhi HC…
High Court explains the meaning of term ‘enterprise’ appearing in section 80IA to means a project or an undertaking owned…
Addition deleted as assessee was only a carrier of cash and the real owner had come forward owning the cash…