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PROSECUTION THRESHOLD
GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...- GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
- In 2021, Tyler and Wendy Chambers bought 66 acres for their dream home in Washington; 5 years later, they still haven’t built it after nearly $300,000 in costs and a 44-acre disputeA Washington man's plan for a family home on sixty-six acres became a costly dispute. Excavation and environmental studies led to significa...
- Delhi Riots Case: Police tells High Court Umar Khalid, Sharjeel Imam cannot seek fresh bail yetThe Supreme Court had said that they would be at liberty to renew their bail pleas after the examination of the protected witnesses relied ...
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
- US takes risky bet on private 'pirates' to combat cybercrimeThe United States will allow private companies to hack foreign cybercriminal groups, a seemingly unprecedented measure that is dividing exp...
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...
- US takes risky bet on private 'pirates' to combat cybercrimeThe US will allow approved private companies to hack foreign cybercriminal groups under government supervision, targeting ransomware and on...
- SC quashes case against Standard Chartered Bank over violations of FERA provisionsThe Supreme Court quashed a 23-year-old criminal complaint against Standard Chartered Bank. This decision provided relief to the bank after...
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...
- GST prosecution threshold up; some offences decriminalisedThe 48th GST Council meeting, held virtually on Saturday after a gap of six months, deferred a decision on imposing the levy on online gami...
- GST council to consider decriminalisation of GST law in Dec 17 meetThe GST Council in its next meeting is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of l...
- Govt working on decriminalising certain offences under GST, lower compounding chargesThe government is working on making the provision under GST Act for prosecution more simpler and friendly for taxpayers. Section 132 under ...
- CBIC raises monetary thresholds for customs offencesThere will be no prosecution against foreigners and non-resident Indians (NRIs) on detection of non-declaration of foreign currency, if it ...
- Prosecution norms eased for TDS, ITR filing defaultsCBDT has relaxed some norms relating to prosecution of income tax defaulters for delay in depositing TDS, under-reporting of income in the ...
- Budget 2019: Self-assessment tax can help save you from prosecutionThe budget proposes that if the net tax is less than Rs 10,000 then there will be no prosecution. The earlier limit was Rs 3,000.
- Government eases penal provisions for customs, excise offencesIn a bid to reduce harassment of overseas travellers, the government today eased the penal provisions by raising fourfold to Rs 20 lakh the...
- Be careful in selecting cases for probe, Finance Minister asks Enforcement DirectorateThe high-profile cases the agency is investigating now include Bharti-Walmart FEMA violation case, 2G scam and now Saradha Group scam.
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