Last Updated : May 24 2019 11:13PM     Screen Reader Access
News Highlights
16th Lok Sabha dissolved as PM Modi tenders his resignation            BJP led NDA set to form new govt at Centre            Gujarat: 20 killed in major fire tragedy in Surat            Theresa May to resign as prime minister            Mary Kom, Shiva Thapa win gold medals at India Open International Tournament           

National News

Jul 12, 2018
2:15PM

Govt raises threshold limit for filling appeals relating to tax cases to Rs 20 lakh


Government raises threshold limit for filing appeals in tax cases. Stating this the Union Finance Minister Piyush Goyal said today that this step has been taken to bring down litigation by 41 per cent. 

He  said the tax department can now file appeals in ITAT / CESTAT only if the tax amount involved is 20 lakh rupees or more, up from 10 lakh rupees at present.

Appeals would be filed in High Courts if the tax amount involved in litigation is 50 lakh rupees. For appeals in Supreme Court, the threshold limit has been hiked to one crore rupees.

This step has been taken as about five lakh rupees have been struck in litigation. He said the move is to create trust in the tax administration and give relief to honest, small and mid-sized taxpayers.

The Minister,said besides giving relief to taxpayers, the move is also based on premise that the cost of litigation is sometimes more than the recovery sought.

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 24 (May) Midday News 24 (May) News at Nine 22 (May) Hourly 24 (May) (2000hrs)
समाचार प्रभात 24 (May) दोपहर समाचार 24 (May) समाचार संध्या 22 (May) प्रति घंटा समाचार 24 (May) (2200hrs)
Khabarnama (Mor) 24 (May) Khabrein(Day) 24 (May) Khabrein(Eve) 24 (May)
Aaj Savere 22 (May) Parikrama 22 (May) Lok Ruchi Samachar 19 (May)

Listen Programs

Market Mantra 22 (May) Samayki 24 (May) Sports Scan 22 (May) Spotlight/News Analysis 22 (May)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 15 (May) Vaad-Samvaad 7 (May) Money Talk 7 (May) Current Affairs 22 (Mar)