WebJun 1, 2024 · Besides, the 'Income Tax Informants Reward Scheme' has also been amended under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India, which are actionable under the Income-tax Act, 1961. WebJun 1, 2024 · Besides, the 'Income Tax Informants Reward Scheme' has also been amended under which a person can get reward up to Rs 50 lakh for giving specific information …
Earn Rs 5 Cr with Informant Reward Scheme Income Tax #shorts …
WebMay 1, 2016 · Indirect Taxes :- Central Board of Excise and Customs (CBEC) vide Circular No. 20/2015 dated 31.07.2015 has issued fresh reward guidelines for the Government … Web16 minutes ago · It was observed that the scheme of the act is to levy and collect tax in accordance with the provisions of the act and this task is entrusted to the Revenue. If due to an erroneous decision of the income tax officer, revenue loses tax lawfully payable by a person, it will be prejudicial to the interests of revenue. how large is a bengal tiger
2024 Form 8846 - IRS
WebAug 4, 2024 · The maximum amount of reward payable to an informant shall not exceed 5% of the additional taxes levied and realized, which are directly attributable to the information furnished by him, under the Income-tax Act, 1961, subject to a ceiling of Indian ₹ 50,00,000 after the assessment has become final on the issues relevant for determination of … WebDec 21, 2024 · A person can get a reward of up to Rs. Five crores by giving specific information about evasion of Income-tax on income and assets in India and abroad. The … WebSep 30, 2024 · The revenue department is planning to come out with a 'GST informant reward scheme' to check tax evasion by unscrupulous traders and businesses, an official said. It will be on the lines of... how large is a boeing 737