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Member Articles


Faceless Assessment and Faceless Appeals Scheme Introduced by Income Tax Department

Prime Minister’s announcement of 13th August 2020 comprises of reforms in respect of following four broad areas of work of Income Tax department: 1. Taxpayer’s Charter, 2. Faceless Assessment Scheme, 3. Expansion ...

Tax Tools to Spur Sustainable Growth in the Next Wave of COVID-19 Relief Legislation

Author: Mark Everson, Former IRS Commissioner and alliantgroup Vice ChairmanPublished in Tax Notes Congress is to be commended for moving swiftly this spring to mitigate economic fallout from COVID-19, but the pandemic ...

Chennai Tribunal, Holds Loan Foreclosure Charges Not Subject to Service Tax

The issue of applicability of Service tax on foreclosure charges collected by banks and non - banking financial companies (‘NBFCs’) on premature termination of loans has been a matter of contention with divergent opi ...

Make Tax Great Again! – Anticipated changes in respect of Making Tax Digital for Income Tax

Discussions have been in place regarding modernising the UK Tax system for several years, with VAT being the first of the UK Taxes to make the move with Making Tax Digital (MTD), rolled out in April 2019 for VAT register ...

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