D.C. Mayor Muriel E. Bowser’s $21 billion finances will suggest vital program cuts and a few tax hikes to account for a gaping finances shortfall anticipated over the following 4 years, in accordance with a duplicate posted by the Workplace of the Chief Monetary Officer on Tuesday evening, amounting to among the most difficult fiscal […]
HRA tax exemption: Many staff have the supply for Home Hire Allowance (HRA) as part of their wage construction. To decrease their tax burden, many declare HRA exemption in the event that they dwell in rented lodging. Lately, the Earnings Tax Division found HRA fraud involving unlawful use of Everlasting Account Numbers (PAN). They discovered […]
NEW DELHI: After an earnings tax demand of Rs 1,823 crore as of Friday, Congress acquired three extra notices Saturday, taking the full demand on the get together to Rs 3,567 crore, an “astronomical figure” that’s sure to complicate the get together’s political operations through the Lok Sabha elections.The most recent calls for of over […]
NEW DELHI: The Congress on Saturday mentioned it has obtained two extra earnings tax notices. This comes a day after the grand outdated occasion had mentioned it has been requested to pay over Rs 1,800 crore in penalty by the earnings tax division. The Congress had yesterday accused the BJP-led Centre of “tax terrorism”. Addressing […]
NEW DELHI: BJP on Friday dismissed Congress’ indignant protests over I-T motion towards it saying that the opposition social gathering is making an attempt to distract consideration from its failure to obey the legal guidelines which apply to political events in addition to all tax payers and is making an attempt to obfuscate the truth […]
NEW DELHI: The Delhi excessive court docket on Thursday rejected a plea by the Indian Nationwide Congress social gathering, contesting an order from the Revenue Tax division concerning reassessment proceedings spanning 4 years. This follows the current dismissal by the court docket of Congress’ plea concerning reassessment for the years 2014 to 2017.It is a […]
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NEW DELHI: Delhi excessive courtroom has taken discover of revenue tax division’s ‘satisfaction notice’ itemizing out info on a number of money transactions by Kakkar-Miglani group throughout 2018 meeting elections in Madhya Pradesh and 2019 basic elections, together with by state PWD, in addition to funds by Megha Engineering and its arms of electoral bonds-fame […]
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