Last Updated : Mar 19 2019 7:53AM     Screen Reader Access
News Highlights
BJP's Pramod Sawant sworn- in as new CM of Goa            Notification for 2nd phase of LS polls to be issued today            BJP Central Election Committee to meet today            UK court issues arrest warrant against Nirav Modi            China terms Mumbai terror attacks as most notorious           

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.

Live Twitter Feed

Listen News

Morning News 18 (Mar) Midday News 18 (Mar) News at Nine 18 (Mar) Hourly 19 (Mar) (0605hrs)
समाचार प्रभात 18 (Mar) दोपहर समाचार 18 (Mar) समाचार संध्या 18 (Mar) प्रति घंटा समाचार 19 (Mar) (0600hrs)
Khabarnama (Mor) 18 (Mar) Khabrein(Day) 18 (Mar) Khabrein(Eve) 18 (Mar)
Aaj Savere 18 (Mar) Parikrama 18 (Mar) Lok Ruchi Samachar 17 (Mar)

Listen Programs

Market Mantra 18 (Mar) Samayki 18 (Mar) Sports Scan 18 (Mar) Spotlight/News Analysis 18 (Mar)
    Public Speak

    Country wide 14 (Mar) Surkhiyon Mein 14 (Mar) Charcha Ka Vishai Ha 13 (Mar) Vaad-Samvaad 12 (Mar) Money Talk 12 (Mar) Current Affairs 15 (Mar)