The central board of direct taxes (CBDT) has made all offences under the income-tax law compoundable if the applicant is not involved in an...

Income Tax Bill, 2025: The new tax Bill has proposed to decriminalise Section 276CCC of the Income Tax Act, 1961. This Section (276CCC) is ...

Income tax offences: Now you will have to follow the revised guidelines for compounding of income tax offences under the Income Tax Act, 19...

The government is working on making the provision under GST Act for prosecution more simpler and friendly for taxpayers. Section 132 under ...

In a fresh set of instructions, the board said prosecution should normally be launched where amount of tax evasion, or misuse of Input tax ...

The Central Board of Indirect Taxes and Customs (CBIC) on August 22 notified the amendments to the Customs (Compounding of Offences) Amendm...

There will be no prosecution against foreigners and non-resident Indians (NRIs) on detection of non-declaration of foreign currency, if it ...

The CBDT, while launching the scheme in September last year, had said that this "one-time measure" is being undertaken to mitigate unintend...

A one-time facility to apply for compounding of income tax offences has been launched and taxpayers can avail this opportunity by December ...

The Calcutta High Court in a recent ruling has upheld the initiation of prosecution proceedings under the Black Money Act against a taxpaye...

The CBDT chairman has directed officers to put in their best and expedite filing of prosecution complaints and disposal of compounding appl...

The move is in line with the government's promise to cut down on red tape and end harassment of taxpayers and the industry .

At present, tax evasion is a civil offence in the country and offenders are prosecuted under relevant sections of the Income Tax Act.

Under laws currently in place, neglecting to pay income tax is a compoundable offence, that is, offenders can end proceedings by paying a p...

In a stern warning, the Revenue department today said tax deductors who default in depositing TDS by due date will be liable for prosecutio...

India could bring income-tax offences under its anti-money laundering law, rigorous imprisonment, fines and shifting onus on the accused.

The 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...