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The Centre is weighing a proposal to tweak corporate social responsibility (CSR) norms for widening their scope and coverage besides reviewing the penalty structure to discourage companies from non-compliance, people aware of the development told ET.
Deliberations on the matter have started and a final decision will be taken soon, they said.
Read more at: The Economic Times
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The Gujarat high court has halted the Income Tax (I-T) department from recovering outstanding dues from petitioner assessees while their appeals, pending for over four years, await decisions from the Commissioner of Income Tax (Appeals), under the faceless appeal system. The court’s decision came after dissatisfaction with the I-T department’s response to reduce the backlog of appeals from over 5 lakh aggrieved taxpayers.
The government on Thursday said it has approved as many as 187 startups for income tax exemption.
ICAI will initiate penal action against chartered accountants if they violate its new tax audit limit guidelines