Over Rs 3 lakh cr of direct taxes locked up in litigation: CAG
New Delhi, Mar 21 (PTI) Over Rs 3 lakh crore in direct taxes, which is more than the annual corporate tax collection, is locked up in litigation at various levels.While Rs 2.2 lakh crore of revenue was locked up in appeal cases with Commissioner of Income Tax (Appeals) in 2009-10, the amount involved in litigation at the higher levels was Rs 91,087 crore, said the latest CAG report.”The amount …
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McCaskill will pay 7K for back taxes on plane
Claire McCaskill acknowledged on Monday that she has not paid personal property taxes on the airplane for three years.
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Taxes to dominate political arena
The carbon tax and other levies are likely to dominate the political arena when parliament resumes.
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