The Federation of Indian Chambers of Commerce and Industry (FICCI) has set out its key expectations from the Union Budget 2026-27, calling for faster tax appeals, simpler TDS rules, clarity for cross-border supply chains and targeted customs facilitation to cut delays and disputes.
This scheme, aimed at resolving pending income tax disputes, will come into effect from October 1. It seeks to provide an efficient framework for taxpayers to settle their outstanding appeals, streamlining the resolution process for various tax-related disputes.
New Delhi [India], September 25 (ANI): The Income Tax Department on Friday launched Faceless Income Tax Appeals, under which all appeals will be finalised under the faceless ecosystem with an exception of appeals relating to serious frauds, major tax evasion, sensitive and search matters, In
New Delhi (India), July 11 (ANI): In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and facilitate the Ease of Doing Business, Government of India decided to increase the threshold monetary limits for filing Departmental Appeals