Centralised Communication Scheme

Centralised Communication Scheme, 2018 The Government of India has recently unveiled the Centralised Communication Scheme, 2018 to introduce a complete reformation in the manner in which income tax assessments are handled by the Income Tax Department. Currently, income tax notices…

General Anti-Avoidance Rule

General Anti-Avoidance Rule Tax avoidance measures are adopted by an individual or a company for the purpose of reducing the income tax burden. The general anti-avoidance rule permits tax officials to deny certain transactions or arrangements which lacks any commercial…