Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Suggests CBDT to create a foolproof IT system, internal control mechanism</em></p><p style="text-align:justify">The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences.</p><p style="text-align:justify">In a <a href="/upload/files/Report%20No.%208%20of%202021_Direct%20Taxes%202019-20_English-061c19892b7b100.53030446.pdf" title="/upload/files/Report%20No.%208%20of%202021_Direct%20Taxes%202019-20_English-061c19892b7b100.53030446.pdf">report tabled in Parliament</a>, the apex auditor of government accounts highlighted 356 high-value cases pertaining to corporation tax with tax effect of over 12,400 crore. These cases mainly pertained to arithmetical errors in computation of income and tax, errors in levy of interest, irregularities in allowing depreciation/business losses/capital losses, irregular exemptions/ deductions/ rebates/ relief/MAT credit, incorrect allowance of business expenditure, income not assessed/under-assessed under normal provisions, etc.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true" title="https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Suggests CBDT to create a foolproof IT system, internal control mechanism</em></p><p style="text-align:justify">The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences.</p><p style="text-align:justify">In a <a href="/upload/files/Report%20No.%208%20of%202021_Direct%20Taxes%202019-20_English-061c19892b7b100.53030446.pdf" title="/upload/files/Report%20No.%208%20of%202021_Direct%20Taxes%202019-20_English-061c19892b7b100.53030446.pdf">report tabled in Parliament</a>, the apex auditor of government accounts highlighted 356 high-value cases pertaining to corporation tax with tax effect of over 12,400 crore. These cases mainly pertained to arithmetical errors in computation of income and tax, errors in levy of interest, irregularities in allowing depreciation/business losses/capital losses, irregular exemptions/ deductions/ rebates/ relief/MAT credit, incorrect allowance of business expenditure, income not assessed/under-assessed under normal provisions, etc.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true" title="https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Suggests CBDT to create a foolproof IT system, internal control mechanism</em></p><p style="text-align:justify">The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences.</p><p style="text-align:justify">In a <a href="/upload/files/Report%20No.%208%20of%202021_Direct%20Taxes%202019-20_English-061c19892b7b100.53030446.pdf" title="/upload/files/Report%20No.%208%20of%202021_Direct%20Taxes%202019-20_English-061c19892b7b100.53030446.pdf">report tabled in Parliament</a>, the apex auditor of government accounts highlighted 356 high-value cases pertaining to corporation tax with tax effect of over 12,400 crore. These cases mainly pertained to arithmetical errors in computation of income and tax, errors in levy of interest, irregularities in allowing depreciation/business losses/capital losses, irregular exemptions/ deductions/ rebates/ relief/MAT credit, incorrect allowance of business expenditure, income not assessed/under-assessed under normal provisions, etc.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true" title="https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true">click here</a> to read more.</p>                                                           
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Corporate tax assessment: CAG spots major errors in over 350 cases

Published on Dec 21, 2021   Modified on Dec 22, 2021

-The Hindu Business Line Suggests CBDT to create a foolproof IT system, internal control mechanism The Comptroller and Auditor General of India (CAG) has pointed out significant errors in the assessment of over 350 cases related to corporate tax. It also advised the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences. In a report tabled in Parliament, the apex auditor of government accounts highlighted 356 high-value cases pertaining to corporation tax with tax effect of over 12,400 crore. These cases mainly pertained to arithmetical errors in computation of income and tax, errors in levy of interest, irregularities in allowing depreciation/business losses/capital losses, irregular exemptions/ deductions/ rebates/ relief/MAT credit, incorrect allowance of business expenditure, income not assessed/under-assessed under normal provisions, etc. Please click here to read more.

The Hindu Business Line, 21 December, 2021, https://www.thehindubusinessline.com/companies/corporate-tax-assessment-cag-spots-major-errors-in-over-350-cases/article38006835.ece?homepage=true

Tagged with: CAG CAG Report Comptroller and Auditor General of India Corporate Tax Corporate Tax Collection Corporate Tax Rate

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