Tag: compounding of offences

New CBDT guidelines streamline the compounding process under the Income-tax Act, easing accessibility for taxpayers. They eliminate offence categorization and allow unlimited applications, while also reducing compounding charges and abolishing interest on delayed payments.(Pexels)
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Relief against income tax offences as charges for TDS default reduced: Details

 October 18, 2024  Leave a Comment on Relief against income tax offences as charges for TDS default reduced: Details

The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process…

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