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India’s net direct tax collection rose 13% to over Rs 12.12 lakh crore till September 17, driven by strong corporate and advance tax payments.

India’s Net Direct Tax Collection Rises 13% to Over Rs 12.12 Lakh Crore Till September 17, Corporate Tax Revenue Jumps Nearly 19.5%

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ITAT deleted Rs 1,305 crore in transfer pricing and corporate tax additions against LG Electronics India across five financial years.

ITAT Rules in Favour of LG Electronics India in Rs 1,305 Crore Tax Case

Fractal Analytics has received a draft assessment order, proposing a demand amounting to Rs 156.56 Crore on the grounds of certain transfer pricing and corporate tax adjustments.

Fractal Analytics Faces Rs 156.56 Crore Draft Demand Over Transfer Pricing and Corporate Tax Adjustments

As per Carraro India, the draft assessment order does not have any immediate impact on its financial, operations or other activities.

Carraro India Gets Major Tax Relief as Draft Assessment Order Cuts Corporate Tax Adjustment to Rs 52.6 Lakh

Pankaj Chaudhary has informed that currently the government is not proposing to review the effectiveness of corporate tax granted in recent years.

Govt Not Considering Review of Corporate Tax Cuts, Says Pankaj Chaudhary

As per the order, the tax demand arises from transfer pricing adjustments related to payments made to related parties and some corporate tax adjustments, such as the disallowance of depreciation.

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India’s Net Direct Tax Collection Rises 13% to Over Rs 12.12 Lakh Crore Till September 17, Corporate Tax Revenue Jumps Nearly 19.5%

ITAT Rules in Favour of LG Electronics India in Rs 1,305 Crore Tax Case

Fractal Analytics Faces Rs 156.56 Crore Draft Demand Over Transfer Pricing and Corporate Tax Adjustments

Carraro India Gets Major Tax Relief as Draft Assessment Order Cuts Corporate Tax Adjustment to Rs 52.6 Lakh

Govt Not Considering Review of Corporate Tax Cuts, Says Pankaj Chaudhary

Hindustan Unilever Limited Faces Income Tax Demand Worth Rs 1559.69 Crore