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News INCOME TAX

  • Sep 12, 2019
  • Big relief to taxpayers, now there will be no criminal action in these cases

    The Central Board of Direct Taxes (CBDT) has given huge relief to taxpayers. In fact, the latest circular of CBDT states that criminal action will not be taken in cases of willful avoidance of payment of tax, non-filing of tax returns and non-deposit of TDS up to Rs. 25 lakh in government treasury. This means that such a case will not go to court. With this decision of CBDT, a large number of taxpayers will be able to avoid legal litigation.