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TAX OFFENCE PROSECUTION
New labour code: Can higher gratuity and social security costs under Social Security Code, 2020 be offset by employers by salary restructuring ?The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in I...- Why Income Tax Act 2025 still criminalises small mistakes and why India needs a more trust-based approachIndia's tax system is set for a major overhaul with the Income-tax Act, 2025. The Finance Bill, 2026, should consider decriminalizing minor...
- NITI Aayog bats for reforms in I-T Act with focus on decriminalisationNITI Aayog proposes significant reforms to the Income Tax Act, 2025, including decriminalizing 12 minor offenses and reducing mandatory min...
- CBDT makes all Income Tax offences compoundable, eases rules for defaultersThe central board of direct taxes (CBDT) has made all offences under the income-tax law compoundable if the applicant is not involved in an...
- End of arbitrary arrest by income tax officers? New Income Tax Bill 2025 proposes to decriminalise Section 276CCCIncome Tax Bill, 2025: The new tax Bill has proposed to decriminalise Section 276CCC of the Income Tax Act, 1961. This Section (276CCC) is ...
- Relief against income tax offences: New compounding guidelines issued by CBDT to help taxpayers in preventing prosecutionIncome tax offences: Now you will have to follow the revised guidelines for compounding of income tax offences under the Income Tax Act, 19...
- 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 ask officials to initiate prosecution only after adequate evidenceIn a fresh set of instructions, the board said prosecution should normally be launched where amount of tax evasion, or misuse of Input tax ...
- FinMin makes unauthorised publication of export-import data compoundable offenceThe Central Board of Indirect Taxes and Customs (CBIC) on August 22 notified the amendments to the Customs (Compounding of Offences) Amendm...
- 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 ...
- CBDT extends till Jan 31 deadline for compounding of I-T offencesThe CBDT, while launching the scheme in September last year, had said that this "one-time measure" is being undertaken to mitigate unintend...
- CBDT launches one-time facility for compounding of income tax offencesA one-time facility to apply for compounding of income tax offences has been launched and taxpayers can avail this opportunity by December ...
- Posted overseas? Not disclosing foreign bank accounts can lead to prosecution under Black Money ActThe Calcutta High Court in a recent ruling has upheld the initiation of prosecution proceedings under the Black Money Act against a taxpaye...
- IT officers lax on filing for prosecution and compounding applications, says CBDT chairmanThe CBDT chairman has directed officers to put in their best and expedite filing of prosecution complaints and disposal of compounding appl...
- Central Board of Excise and Customs raises monetary caps to arrest, prosecuteThe move is in line with the government's promise to cut down on red tape and end harassment of taxpayers and the industry .
- Tax evasion through foreign assets to be a criminal offenceAt present, tax evasion is a civil offence in the country and offenders are prosecuted under relevant sections of the Income Tax Act.
- Non-payment of income tax may soon become prosecutable under Prevention of Money Laundering ActUnder laws currently in place, neglecting to pay income tax is a compoundable offence, that is, offenders can end proceedings by paying a p...
- Govt warns tax deductors who fail to deposit TDS by due dateIn a stern warning, the Revenue department today said tax deductors who default in depositing TDS by due date will be liable for prosecutio...
- Money-laundering law: Rigorous jail, hefty fines await tax offendersIndia could bring income-tax offences under its anti-money laundering law, rigorous imprisonment, fines and shifting onus on the accused.
- CBDT wants jail term for tax evadersThe central board of direct taxes wants to prosecute tax evaders under the tough anti-terror financing law, even as it looks to adopt a mor...
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