In a renewed crackdown on tax evasion, the income tax department ... that have historically shown higher vulnerability to invoice manipulation. The IT department flagged several companies availing ...

added that “applying the proportion percentage on that tax bill would get us to an amount that could be a proxy for costs.” “It’s not nothing,” Carra said. “Let’s go. (An invoice ...

Senate tax plan: MS Senate tax cut plan unveiled. See how much it cuts White said the House was never going to pass the Senate-approved PERS reforms, which would have created a hybrid public ...

Fixed date format on input return. - Adding new parameters in the outgoing tax invoice to bridge XML imports on transaction code 07 with additional note 02. - Changing the Microsoft Excel template of ...

The company was also found to have hired so-called "agent mentors" to train sales agents, but tax officials say these mentors merely issued fake invoices to facilitate excess commission payments.

New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the ...

Invoices are also used for accounting and tax purposes, making them essential for keeping ... and help you maintain professionalism. Begin by opening Microsoft Word on your computer. If you don’t have ...

High Court Judge Josephine Mong’are upheld a decision of the tax appeals tribunal, stating that Microsoft did not transfer its intellectual property in the software to Dynasoft Business ...

El Baghdady explained that the new requirement allows businesses, especially those in retail, to issue simplified tax invoices immediately upon a sale. "This update not only streamlines the ...

The effort to enhance Input Tax Credit (ITC) ecosystem through Invoice Management System (IMS) may add additional layer of compliance to GST assesses, tax experts have said. According to GST ...