tax compliance

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    Airline Fined Rs 1.27 Crore Over GST Dispute

    New Delhi, February 13 IndiGo said on Friday that it has been fined over Rs 1.27 crore related to Goods and Services Tax (GST) input tax credit, and that it will challenge the order.In a filing to the BSE, the airline's parent company, InterGlobe Aviation, said that it has been denied input...
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    Income Tax Department Issues Demand Notice to Equestrian Federation

    New Delhi, February 12 The Income Tax Department has, for the first time, issued a demand notice of ₹4.62 crore to the Equestrian Federation of India for the assessment year 2024-25 under Section 156 of the Income-Tax Act, 1961, according to official documents.The notice, dated February 9...
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    Seeking Safeguards: TDS Compliance and First-Time Homebuyers

    New Delhi, February 11 The Supreme Court on Wednesday dismissed a petition alleging the absence of a mechanism to inform people about their obligation regarding tax deducted at source (TDS) when purchasing property valued at more than Rs 50 lakh.A bench of Justices Vikram Nath and Sandeep...
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    CBDT's NUDGE Campaign Could Transform Government Governance

    New Delhi, February 9 The Income-Tax Department's NUDGE – a technology-enabled campaign to encourage taxpayers to pay their dues before initiating penal procedures – could be adopted by various other government departments like the CBIC to improve governance, CBDT Chairman Ravi Agrawal has said...
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