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India Inc seeks reintroduction of single I-T structure

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The federation in truth handy that the technique of submitting appeals with the commissioner of earnings tax get replaced with a overview of orders handed by tax officers by a dispute resolution panel, to support decrease extended litigation.

Synopsis

Complex processIndustry acknowledged that present building had made compliance on withholding tax a complex process for employers, ensuing in better payment and tax leakages

New Delhi: Substitute has sought reintroduction of the one building of earnings tax as a replacement of the present person who presents two alternate solutions to taxpayers, saying that it had made compliance on withholding tax a complex process for employers, ensuing in better payment and tax leakages.This was among plenty of ideas made by the Confederation of Indian Substitute (CII) to the finance ministry before the union finances announcement.Finance minister

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