SNIPPETS OF THE UNION BUDGET 2021-2022

[vc_row triangle_shape="no"][vc_column][vc_column_text] ACCOUNTABLE AND EFFICIENT TAX DISPUTE RESOLUTION Setting up a Dispute Resolution Committee has been proposed for taxpayers with a taxable income up to Rs. 50 lakh and disputed income up to Rs. 10 lakh to ensure efficiency, transparency and accountability. Faceless ITAT- Establish a National Faceless Income Tax Appellate Tribunal Centre, all communication between the Tribunal and the appellant shall be electronic, where personal hearing is needed, it shall be done through video-conferencing. To ensure faster disposal of cases, replacing the Authority for Advance Rulings with a Board for Advance Rulings and provide appeal against the order of...

Continue reading