ITR filings double of FY14 due to tech by CBDT: EY India
Rahul Patni, digital tax leader at EY India, explains the benefits of technology in detecting errors, reconciling data, and expediting the ITR filing process
Rahul Patni, digital tax leader at EY India, explains the benefits of technology in detecting errors, reconciling data, and expediting the ITR filing process
In order to become a developed economy by 2047, India needs to optimise tax generation to spend on all-round development, including infrastructure.
There were around 5 lakh pending appeals before the authority at the beginning of the current financial year
"Some forms may not be digital, but we are trying to cover all the forms and the entire process in digital mode," says Nitin Gupta
The 17-page guidelines explain changes introduced in Income Tax Act to remove difficulties in implementing provisions introduced in Budget 2023
These notices were sent to individuals whose annual income was more than ₹50 lakh.
Only a small universe of Indian startups stand to benefit from the recent tax notification issued by the CBDT, says Deloitte India partner Russell Gaitonde
Economies like the US, the UK, Germany and France included in the list; Singapore, Netherlands and Mauritius kept out
CBDT lays out guidelines with regards to tax provisions on income from online games