Govt sent 1 lakh notices for not filing income tax returns
“About one lakh notices were sent,” Sitharaman said, adding that the notices are expected to be cleared by the end of this fiscal 2023-24. Under income tax law, officers can reopen past assessments of up to six years. The Minister said the notices were not just thoughtlessly sent and noted she was assured by the […]
FM Nirmala Sitharaman pitches for stronger global rules to fight financial crimes
India pitched for further strengthening the global architecture to tackle financial crimes, money laundering, and tax evasion in a more synchronised and effective manner. “We hope that the G20 continues exploring the options to further strengthen the global architecture to fight financial crime and assist jurisdictions in enhancing their law enforcement capacity,” finance minister Nirmala […]