Justice R.V. Easwar Committee - Recommendations to check or curb litigation/ facilitate speedier disposal - Recommendations to promote ease of doing business and simplify procedures

Justice R.V. Easwar Committee - Recommendations to check or curb litigation/ facilitate speedier disposal - Recommendations to promote ease of doing business and simplify procedures https://www.taxtmi.com/news?id=15497 The Committee recommends statutory and administrative reforms to reduce tax litigation and simplify compliance: treat shares held beyond twelve months (unless declared stock in trade) as capital assets with gains as capital gains; amend Section 14A to deem economically taxed income (e.g. dividends after DDT and firm profits) part of total income and cap disallowances to claimed expenditure; align Section 50C with sale agreements fixing consideration and delete Section 56(2)(vii)(b)(ii) en-us Wed, 20 Jan 2016 16:27:11 +0530 Fri, 22 Jan 2016 17:17:00 +0530 TaxTMI RSS Generator Justice R.V. Easwar Committee - Recommendations to check or curb litigation/ facilitate speedier disposal - Recommendations to promote ease of doing business and simplify procedures https://www.taxtmi.com/news?id=15497 The Committee recommends statutory and administrative reforms to reduce tax litigation and simplify compliance: treat shares held beyond twelve months (unless declared stock in trade) as capital assets with gains as capital gains; amend Section 14A to deem economically taxed income (e.g. dividends after DDT and firm profits) part of total income and cap disallowances to claimed expenditure; align Section 50C with sale agreements fixing consideration and delete Section 56(2)(vii)(b)(ii) News - Wed, 20 Jan 2016 16:27:11 +0530 https://www.taxtmi.com/news?id=15497