Budget: Exempt entities like non-profits face hurdles due to TCS on transactions. Govt can notify exemptions/lower TCS rates for them. Effective Oct '...
Budget: Amendments clarify penalties for inaccurate info/non-compliance with due diligence under AEoI. Rs. 50K fine for errors/failures. Defense allow...
INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - Consequences of order made under Scheme - Clause 214 of the Bill - Any amount paid in pursuance of a declaration made under sub-section (1) of section 211 shall not be refunded. - Any order passed under sub-section (4) of section 211 shall not be deemed to be an order on merits and has no binding effect.
INDIRECT TAX DISPUTE RESOLUTION SCHEME, 2016 - Consequences of order made under Scheme - Clause 214 of the Bill - Any amount paid in pursuance of a declaration made under sub-section (1) of section 211 shall not be refunded. - Any order passed under sub-section (4) of section 211 shall not be deemed to be an order on merits and has no binding effect.
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