CBDT releases MLI synthesised text for India-Norway DTAA

The Central Board of Direct Taxes (CBDT) has released the synthesised text for India-Norway DTAA., including the changes made by the MLI based on respective positions taken by both countries. ...

Govt targets net tax revenue of Rs 22.17 lakh cr in FY'22

The government projected a 16.67 percent development in gross tax revenue in the following financial starting April 1, at over Rs 22.17 lakh crore.  The revised estimates of gross tax revenue ...

Economic Survey 2020-21 in Parliament; V-shaped recovery for Indian Economy projected

The Economic Survey for the year 2020-21 was tabled in Parliament on January 29, 2021. Economic Survey reviews developments in Indian economy over past 12 months. 

Evidence documented in...

Other Income - Taxable even if irrecoverable

A severe debt, in simple terms, means a debt that cannot be recovered. Companies often find themselves in an uncomfortable position chasing debtors to recoup their debts. The pain can be double if ...

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