CBDT issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961

CBDT issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961 https://www.taxtmi.com/news?id=25796 Revised guidelines broaden eligibility and simplify procedures for compounding of offences under the Income-tax Act by designating additional offences as compoundable, relaxing exclusions for prior short-term imprisonment, restricting authority discretion, extending the filing window for compounding applications, prescribing specific upper limits on compounding fees, and reducing penal interest-based compounding charges. en-us Mon, 19 Sep 2022 09:49:06 +0530 Mon, 19 Sep 2022 09:49:06 +0530 TaxTMI RSS Generator CBDT issues Revised Guidelines for compounding of offences under the Income-tax Act, 1961 https://www.taxtmi.com/news?id=25796 Revised guidelines broaden eligibility and simplify procedures for compounding of offences under the Income-tax Act by designating additional offences as compoundable, relaxing exclusions for prior short-term imprisonment, restricting authority discretion, extending the filing window for compounding applications, prescribing specific upper limits on compounding fees, and reducing penal interest-based compounding charges. News - Mon, 19 Sep 2022 09:49:06 +0530 https://www.taxtmi.com/news?id=25796