CAF-2 · Chapter 16 · Question 11 of 15
An aggrieved person (other than a State-Owned Enterprise) wishes to apply for the resolution of a dispute through the Alternative Dispute Resolution Committee (ADRC). What is the minimum threshold of the tax liability required to qualify for this mechanism?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) C) Rs. 50 million
Explanation
An aggrieved person may apply for ADRC where the liability of tax is Rs. 50 million or above (this limit does not apply if the aggrieved person is a State-Owned Enterprise).
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