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BUDGET AMNESTY PROPOSAL
Coming clean may be less taxing: Taxpayers could get away with paying significantly less on unexplained local incomeA close reading of the budget documents shows that a person can slip away by proactively paying a significantly lower amount on unexplained...- Delhi govt plans one-time tax amnesty scheme to settle pre-GST disputesThe Delhi government is preparing to launch a one-time tax amnesty scheme to settle pre-GST disputes related to VAT, excise, and service ta...
- EEPC India proposes faceless GST audit to empower MSME sectorEEPC India recommends the government to introduce faceless GST audits to help MSMEs reduce compliance costs and concentrate on growth. They...
- GST council may cut upfront payment for tax appeal to 7%The council could also consider an amnesty scheme for disputes of the pre-GST regime and a proposal to make biometric-based Aadhaar authent...
- Rs 3.75 lakh cr locked in excise, service tax litigation; amnesty, resolution scheme in offing: FMThe government announced a dispute resolution cum amnesty scheme for settling legacy cases.
- Budget 2016: Amnesty-like scheme for domestic black money holdersThe government today offered domestic holders of undisclosed income and assets a one-time compliance opportunity to escape prosecution.
- Middle class 'cheated', farmers deprived: Arvind Kejriwal on Budget 2016Kejriwal today said, accusing the Narendra Modi government of "cheating" them while questioning the black money amnesty scheme.
- Budget 2016: Compliance window is neither VDIS nor amnesty says Arun Jaitley"So you are paying penalties for not paying tax on time. This is intending to bring some money from outside the system to into the system,"...
- One-time short window for declaring assets abroad: Revenue Secretary Shaktikanta DasDas was elaborating upon FM Arun Jaitley's budget proposal to come out with a stringent law to deal with the black money stashed abroad.
- Black money holders will have a last chance to disclose assets: GovernmentJayant Sinha said the failure to unveil assets abroad will invite a rigorous jail term of up to seven years.
- Black money holders will have a last chance to disclose assetsElaborating on the proposed legislation, Jayant Sinha said the concealment of income and tax evasion could result in imprisonment of up to ...
- Union Budget 2012 makes it mandatory for taxpayer to declare foreign bank accounts & other offshore assetsThe US had offered immunity from prosecution to those who have disclosed such income within the period specified under the law.
- Group formed to look into amnesty scheme on black money: PranabFinance Minister Pranab Mukherjee today said a group has been formed to look into the possibility of an amnesty scheme to encourage people ...
- Tax amnesty by any nameAmnesty schemes offer relief to tax evaders and penalise honest taxpayers.
- Amnesty: Back with a vengeance?Reversal of a three-year-old decision threatens to make honest tax-paying old-fashioned.
- Union Budget 2010: Life could get easier for tax evadersThe Budget fine-print reveals that life could get a little easier for evaders, both companies and individuals, that have tax dues of over R...
- Union Budget 2010: Amnesty: Back with a vengeance?The Budget fine-print reveals that life could get a little easier for evaders, both companies and individuals, that have tax dues of over R...
- Amnesty scheme for tax-evadersThe Maharashtra Budget announced on Thursday has offered an amnesty scheme for those who avoid paying profession tax.
- Govt offers amnesty scheme to boost realtyJayant Patil's budget this year may boost property transactions in the state. The Maharashtra government on Thursday announced plans to 'ra...
- Amnesty scheme may resurfaceThis Budget may propose yet another amnesty scheme. A debate is currently on among top government officials on the feasibility of introduci...
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