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The Court's observation came during consideration of a petition by Jose Thomas Performing Arts Center (JTPAC).
Form 26AS, also called the Tax Credit Statement, is an important structure for the Indian tax system.
Around 23 resorts were identified as high-turnover properties. When the team finished the inspection of five resorts, tax evasions identified had crossed Rs 20 crore.
The authorities have clarified that previous years' property tax arrears can also be paid without penal interest in addition to this year’s dues.
The upcoming interim budget holds significant importance for the common man, particularly salaried employees and senior citizens.
The virtual digital assets (VDA) space is buzzing with activity and these encompass everything from regulatory changes to new and inventive investment instruments like Bitcoin Spot ETF.
Municipalities and corporations stopped collecting property tax in cash at their offices on December 31 last year in view of the launch of the app on New Year’s Day.
The government has budgeted to collect Rs 18.23 lakh crore from direct taxes, 9.75% higher than Rs 16.61 lakh crore mopped up last fiscal.
As part of the initiation process of the project, the services will be disrupted for five days, and will resume from January 1.
The official, however, said that there is no data yet of foreign gaming companies registering in India since October 1.
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