Last Updated : Sep 23 2018 11:11PM
News Highlights
PM launches Ayushman Bharat - Pradhan Mantri Jan Aarogya Yojana            No question of scrapping Rafale fighter deal: FM Arun Jaitley            Two leaders of ruling TDP shot dead by Maoists in Andhra Pradesh           

National News

Jul 12, 2018
2:15PM

Govt raises threshold limit for filling appeals relating to tax cases to Rs 20 lakh


Government raises threshold limit for filing appeals in tax cases. Stating this the Union Finance Minister Piyush Goyal said today that this step has been taken to bring down litigation by 41 per cent. 

He  said the tax department can now file appeals in ITAT / CESTAT only if the tax amount involved is 20 lakh rupees or more, up from 10 lakh rupees at present.

Appeals would be filed in High Courts if the tax amount involved in litigation is 50 lakh rupees. For appeals in Supreme Court, the threshold limit has been hiked to one crore rupees.

This step has been taken as about five lakh rupees have been struck in litigation. He said the move is to create trust in the tax administration and give relief to honest, small and mid-sized taxpayers.

The Minister,said besides giving relief to taxpayers, the move is also based on premise that the cost of litigation is sometimes more than the recovery sought.

Live Twitter Feed

Listen News

  • Morning News 23 (Sep)
  • Midday News 23 (Sep)
  • News at Nine 23 (Sep)
  • Hourly 23 (Sep) (2300hrs)
  • समाचार प्रभात 23 (Sep)
  • दोपहर समाचार 23 (Sep)
  • समाचार संध्या 23 (Sep)
  • प्रति घंटा समाचार 23 (Sep) (2305hrs)
  • Khabarnama (Mor) 23 (Sep)
  • Khabrein(Day) 23 (Sep)
  • Khabrein(Eve) 23 (Sep)
  • Aaj Savere 23 (Sep)
  • Parikrama 23 (Sep)
  • Lok Ruchi Samachar 23 (Sep)

Listen Programs

  • Market Mantra 23 (Sep)
  • Samayki 23 (Sep)
  • Sports Scan 23 (Sep)
  • Spotlight/News Analysis 23 (Sep)
  • Public Speak
  • Country wide 20 (Sep)
  • Surkhiyon Mein 20 (Sep)
  • Charcha Ka Vishai Ha 19 (Sep)
  • Vaad-Samvaad 18 (Sep)
  • Money Talk 18 (Sep)
  • Current Affairs 21 (Sep)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""