The Supreme Court on Wednesday directed the Central Board of Direct Taxes (CBDT) to decide within three weeks on reliefs to be granted to Non Resident Indians on payment of income-tax for the financia
It is
worth reiterating that gas flaring reduction potential was part of
the underlying opportunity for the (otherwise laudable)
project. PI&D obtained arbitral award against Nigeria,
sought to enforce same inclusive of the substantial interests and
Nigeria after some initial lethargy and missteps is now actively
challenging same, arguing that the entire project was a fraud. See
Fikayo Akeredolu, Nigeria and P&ID: The Story
Behind the $9.6 Billion Judgement, Nigeria Wins Another Victory Against
P&ID ,
Energy Voice, 30.09.2020:
https://www.
energyvoice.com/oilandgas/africa/268744/nigeria-pid-court-guarantee/;
Kush Amin, Did an Alleged Corrupt Natural Gas
Contract Rob Nigeria of US$9.6 Billion? ,
A. OVERVIEW
President Muhammadu Buhari signed the Finance Act 2020 into law
on December 31, 2020. The new legislation followed hot on the heels
of the Finance Act 2019
1 which amended several tax
statutes. The Finance Act 2020 was enacted in furtherance of the
Federal Government s progressive reform of the business climate
in Nigeria, and the need to constantly restructure the tax system
to align and conform same with international best practices, and
make it respond effectively to the changing socio-economic
landscape.
Specifically, the Finance Act 2020 amended fourteen (14)
principal tax and tax-related legislation. The thrust of the
legislation includes boosting government revenue, preventing base
erosion, streamlining areas of regulatory conflict and clarifying
Budget 2021: Will govt provide income tax relief in Covid-hit year?
Budget 2021: Several recommendations have been sent to Centre to provide relief to taxpayers in terms of tax deduction, slabs and rates but it s unlikely as the Centre s finances have badly hit due to pandemic
BusinessToday.In | January 31, 2021 | Updated 14:41 IST
Centre may not be in a position to offer much to taxpayers this time
Just a few hours from now, Union Finance Minister Nirmala Sitharaman will announce her third budget in Parliament. As India gets ready for Budget 2021 after a year that hit the country s economy hard, taxpayers in the country are wondering if they ll get any relief in terms of revision in tax slabs or interest rates.