Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The notification amends the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018. It increases the salary and allowances of the Chairperson and Members of the National Financial Reporting Authority. The Chairperson's salary is revised from Rs. 4,50,000 to Rs. 5,62,500, while the Members' salary is increased from Rs. 4,00,000 to Rs. 5,00,000. The amendment comes into force on the date of its publication in the Official Gazette.
The notification amends the National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018. It increases the salary and allowances of the Chairperson and Members of the National Financial Reporting Authority. The Chairperson's salary is revised from Rs. 4,50,000 to Rs. 5,62,500, while the Members' salary is increased from Rs. 4,00,000 to Rs. 5,00,000. The amendment comes into force on the date of its publication in the Official Gazette.
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