CCI Notifies Norms w.r.t Determination of Turnover or Income Under the Act | Clears the Ambiguity
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- Last Updated on 8 March, 2024
Latest from Taxmann
Notification No. B-14011/2/2024-ATD-II; Dated: 06.03.2024
The CCI has notified the CCI (Determination of Turnover or Income) Regulations, 2024. The regulation deals with the determination of turnover or income for enterprise and the other part deals with the determination of income for individual. This would clarify norms regarding the imposition of penalties in cases of violation, which can have an impact on how firms assess their turnover.
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