The wait for a complete revamp of the Indian taxation system is going to prolong further. The Task Force set by the government to submit the report on new direct law has again been given an extension till July 31, 2019. It remains to be seen what the Union Budget of India 2019 has in store for the taxpayers as far as the new direct tax law is concerned. When the taxpayers of the country expect the new tax laws to be there in place?
Sandeep Jhunjhunwala, Director shares his views on Assessment of firms: CBDT wants AOs to verify partnership deeds & salary/income of partners for Hindu Business Line.