Experts raise concerns over Budget proposal to scrap Income-Tax Settlement Commission

KOLKATA: Income tax practitioners have raised concerns over the Budget proposal to scrap Income-Tax Settlement Commission (ITSC) offering one-time life opportunity to errant taxpayers. While the government expects the move will simplify tax administration, ease compliance and reduce litigation, tax experts claim any non-compliance would have severe cost and penalty implications. Voicing their apprehensions concerning […]

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