Thursday, September 12, 2019

A tax advisory cell and tax compliance scheme need to be formulated for entrepreneurial fresh ventures: ITAT

INCOME TAX: Tax Advisory Cell be created in order to nurture the successful ventures of semi-skilled first time untrained entrepreneurs from a below the tax-free threshold to incomes above this level. These upward movements in incomes are first noticed by the Tax Administrator (Assessing Officer) where deposits in bank accounts or other visible markers of financial success qua a new player in the market are first noticed in the system.

from www.taxmann.com Latest Case Laws https://ift.tt/2ZUjQo5
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