GST officers cannot invoke fraud, wilful misstatement or suppression provisions merely because tax has not been paid or a discrepancy is found, the CBIC has clarified. Such provisions can be used only where there is specific evidence of deliberate intent to evade tax, and that evidence must be clearly set out in the show cause notice.
Dangote Petroleum Refinery and Petrochemicals FZE has reportedly enough commitments from Nigerian and retail investors to meet its initial public offering (IPO) fundraising target, with investors from…
Key PointsIn most cases, retirees with tax-deferred retirement accounts must make withdrawals called required minimum distributions (RMDs) beginning at age 73.
Vanguard's 0.09% expense ratio and broader 103-stock portfolio delivered slightly higher five-year returns, while iShares offers more concentration and a higher 2.4% dividend yield.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that AUD/USD has stalled after testing 0.7040, with intraday momentum indicators turning flat and suggesting consolidation between…
