Friday, 2 March 2018

Tamil Nadu Govt. divides taxpayer base with Centre; Around 5 lakh taxpayers with State

Tamil Nadu Govt. notifies division of taxpayer base with Central Govt.; 50,175 taxpayers having less than Rs. 1.5 Cr turnover have been allotted to Centre, while 451,590 taxpayers have been assigned to the State; In case of taxpayers with more than Rs. 1.5 Cr turnover, 44,009 are with Centre, and 43,977 with State : Tamil Nadu Govt. Order 

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Bombay HC Clarifies That Genuine Bad Debt Write-offs Need Not Fail for Accounting Technicalities

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