https://www.taxtmi.com/news?id=1505 India signed a Tax Information Exchange Agreement with the British Virgin Islands for exchange of banking, ownership and past information in criminal tax matters. The CBDT raised appeal filing thresholds for the Income Tax Appellate Tribunal, High Court and Supreme Court to reduce litigation, and adopted a procedure to accept TDS claims without verification where the return to TDS difference does not exceed one lakh rupees, with specified exceptions requiring verification to prevent refund fraud. en-us Fri, 11 Feb 2011 16:34:55 +0530 Fri, 11 Feb 2011 16:34:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1505 India signed a Tax Information Exchange Agreement with the British Virgin Islands for exchange of banking, ownership and past information in criminal tax matters. The CBDT raised appeal filing thresholds for the Income Tax Appellate Tribunal, High Court and Supreme Court to reduce litigation, and adopted a procedure to accept TDS claims without verification where the return to TDS difference does not exceed one lakh rupees, with specified exceptions requiring verification to prevent refund fraud. News - Fri, 11 Feb 2011 16:34:55 +0530 https://www.taxtmi.com/news?id=1505