The ITAT held that provision for dealer incentives under a sales promotion scheme was based on a scientific method and not a contingent liability. The disallowance made by the tax authorities was ...
New Income Tax Act: The new Act looks to streamline provisions, reduce complexity, and introduce modern digital processes.
One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by ...
That’s the idea behind capital flight, an economic term used by tax critics to describe an exodus of wealth and investments because of higher taxes or cost of doing business. Is there truth to it?