Tag: unexplained income
Posted in Economy
CBDT tells tax officers to tighten scrutiny of unexplained income, assets
New Delhi: The Central Board of Direct Taxes (CBDT) has instructed assessing officers to exercise greater diligence and consistency in invoking anti-evasion provisions relating to…
Posted in Economy
Coming clean may be less taxing: Taxpayers could get away with paying significantly less on unexplained local income
Mumbai: A hidden, quasi-amnesty window for tax on local income has crept into the fine print of the Finance Bill, perhaps unwittingly. A close reading…