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PM-CARES Fund is public Charitable Trust, No need for CAG Audit: Supreme Court [Read Judgment]
The PM Cares Fund is a voluntary fund registered as a public charitable trust necessitated due to the emergent situation borne out of COVID-19...
![CAG Points Out Loss of Rs. 1789,22 Crores due to Extension of Tax Concession to Corporates [Read Report]](https://www.taxscan.in/wp-content/uploads/2017/12/Loss-Taxscan.jpg "CAG Points Out Loss of Rs. 1789,22 Crores due to Extension of Tax Concession to Corporates [Read Report]")
MAT Credit ‘Nullifies’ the Objective of MAT provisions under the Income Tax Law: CAG to Govt [Read Report]
The Comptroller & Auditor General (CAG) in its recent report presented before the Lok Sabha said that the Government cannot achieve the objective of Minimum Alternate Tax (MAT) provisions due to...
![MAT Credit ‘Nullifies’ the Objective of MAT provisions under the Income Tax Law: CAG to Govt [Read Report]](https://www.taxscan.in/wp-content/uploads/2017/08/CAG-Taxscan.jpg "MAT Credit ‘Nullifies’ the Objective of MAT provisions under the Income Tax Law: CAG to Govt [Read Report]")
Film Artists Working abroad shown as Exports to Evade Tax: CAG asks Govt to Examine Service Tax Liability in ‘Ae Dil Hai Mushkil’ [Read Report]
In a report submitted to the Lok Sabha on “Levy and collection of Service Tax on Entertainment Sector”, the Comptroller and Auditor General of India (CAG) said that film artists working abroad shown...
![Film Artists Working abroad shown as Exports to Evade Tax: CAG asks Govt to Examine Service Tax Liability in ‘Ae Dil Hai Mushkil’ [Read Report]](https://www.taxscan.in/wp-content/uploads/2017/08/Ae-Dil-Hai-Mushkil-Taxscan.jpg "Film Artists Working abroad shown as Exports to Evade Tax: CAG asks Govt to Examine Service Tax Liability in ‘Ae Dil Hai Mushkil’ [Read Report]")
CAG slams Income Tax Dept for loss of 45000 crores by granting Irregular benefits to Infrastructure Companies
The Government auditor CAG today said that the Income Tax Department has granted irregular benefits to the infrastructure companies without verification, which resulted in resulted in a loss of 4500...
