A compliance audit of income tax collections from distilleries and breweries in several Indian states has revealed significant under-reporting of sales, resulting in estimated tax implications of Rs 12,800 crore over a 10-year period. The Comptroller and Auditor General found deficiencies in income tax assessment units and recommended systemic improvements to prevent such discrepancies in the future.
11 distilleries cooked books, caused Rs 13,000 crore tax shortfall: CAG

Categories:
Related Post
New York Fashion Week features Christopher John Rogers, Brandon Maxwell’s returnNew York Fashion Week features Christopher John Rogers, Brandon Maxwell’s return
New York Fashion Week has kicked off with the return to the runway for Christopher John Rogers and Brandon Maxwell celebrating a decade in business. Vogue’s Leah Faye Cooper joins

Antony Blinken quotes Rabindranath Tagore at Diwali celebrationsAntony Blinken quotes Rabindranath Tagore at Diwali celebrations
US secretary of state Antony Blinken highlighted Rabindranath Tagore’s words at the state department’s Diwali reception. President Biden and vice president Harris participated, recognizing Diwali’s significance. Biden hosted a record

NFL legend Randy Moss announces cancer diagnosisNFL legend Randy Moss announces cancer diagnosis
NFL Hall of Famer Randy Moss revealed to fans in an Instagram livestream Friday he was diagnosed with cancer. During the livestream, Moss said he’s a “cancer survivor,” adding he