https://www.taxtmi.com/article/detailed?id=15890 The Finance Bill, 2026, proposes decriminalisation and proportional sentencing reforms in tax prosecution: replacing many instances of rigorous imprisonment with simple imprisonment, introducing fines as alternatives or additions, capping maximum terms, grading punishments by the magnitude of withholding defaults, providing a safe harbour for timely deposit of deducted tax, and excluding certain wholly in kind digital transactions from criminal prosecution, while preserving offences that require fraudulent intent or involve tampering with evidence. en-us Mon, 16 Feb 2026 09:45:01 +0530 Mon, 16 Feb 2026 09:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15890 The Finance Bill, 2026, proposes decriminalisation and proportional sentencing reforms in tax prosecution: replacing many instances of rigorous imprisonment with simple imprisonment, introducing fines as alternatives or additions, capping maximum terms, grading punishments by the magnitude of withholding defaults, providing a safe harbour for timely deposit of deducted tax, and excluding certain wholly in kind digital transactions from criminal prosecution, while preserving offences that require fraudulent intent or involve tampering with evidence. Articles Budget - Tax Proposals Mon, 16 Feb 2026 09:45:01 +0530 https://www.taxtmi.com/article/detailed?id=15890