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The participants engaged in policy-oriented discussions on available best practices, sharing knowledge and expertise to explore innovative solutions in tax deduction, according to a statement.

New Delhi: The Supreme Court on Thursday described as a “serious issue” the matter raised by an NGO relating to the Central Board of Direct Taxes’ (CBDT) allegation against the makers of Dolo tablets that they had distributed freebies worth about Rs 1,000 crore to doctors for prescribing their 650 mg anti-inflammatory, fever reducer drug. […]

The government had also relaxed few tax compliance related issues last week on Saturday.

The collection for just concluded 2020-21 fiscal was 5 per cent higher than the RE, but was 10 per cent lower than the mop up in 2019-20.

Polls to the 234-seat Tamil Nadu assembly will be held in a single phase on April 6.

The CBDT said the quantum of suppressed turnover detected in few cases alone appears to be more than Rs 50-60 crore while the "net profit" shown was extremely low.