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of <h1>CBDT Clarifies Prosecution Guidelines for TDS/TCS Defaults Over Rs. 1 Lakh Under Sections 276B & 276BB</h1> The circular from the Central Board of Direct Taxes clarifies the applicability of modified prosecution guidelines concerning TDS and TCS defaults under sections 276B and 276BB of the Income Tax Act, 1961. The revised guidelines, effective from 07.02.2013, mandate prosecution for cases where the deducted tax amount is Rs. 1,00,000 or more and not deposited by the due date. Cases involving Rs. 25,000 to Rs. 1,00,000 are subject to prosecution based on specific circumstances. The revised guidelines apply to all pending cases, regardless of their current stage, and do not alter the definition of offences under the Act.
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