Processing of income-tax returns by the Income-tax department (whether CPC or by jurisdictional officers) is done under section 143(1) of the Income-tax Act. As per this section, the time limit is one year from the end of the financial year in which the return of income is filed. Ther...
First,enhance the role of taxation in regulating income distribution. China’s currenttax system has a limited effect in regulating income distribution. Taxstructure, for instance, is tilted in favor of indirect tax such as VAT thatcontributes to increasing income gaps, while the share of direct ...
First,enhance the role of taxation in regulating income distribution. China’s currenttax system has a limited effect in regulating income distribution. Taxstructure, for instance, is tilted in favor of indirect tax such as VAT thatcontributes to increasing income gaps, while the share of direct ...