Follow Us:

Tag: increased tax rate

2 Results

  • Can penalty be retrospective?

    Can penalty be retrospective?

    Some questions are required to be answered in the light of prevalent legal position. These are if penalty provisions can be amended retrospectively to include cash deposits and whether the government can increase tax rate on deposits retrospectively. In my opinion, provisions regarding levy of penalty and increased tax rate are in the nature of …

    November 30, 2016
  • Can penalty be retrospective?

    Can penalty be retrospective?

    Some questions are required to be answered in the light of prevalent legal position. These are if penalty provisions can be amended retrospectively to include cash deposits and whether the government can increase tax rate on deposits retrospectively. In my opinion, provisions regarding levy of penalty and increased tax rate are in the nature of …

    November 30, 2016