Chartered accountants from the UK and Canada might be allowed to practice in india on a reciprocal basis, with the apex body ICAI making the proposal to the government.
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The central Board of Direct Taxes (CBDT) has fixed the maximum ceiling limit as Rs 1 lakh for waiving eligible income tax demands.However, in an order dated February 13, 2024, CBDT said that future interest will not make part of this calculation of the overall amount of income tax demand.
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