New CBDT Compounding Guidelines Offer Relief for Taxpayers Facing Income Tax Offences and Help Prevent Prosecution

Revised Guidelines for Compounding Offences Under the Income Tax Act, 1961 The Income Tax Department of India has recently revised its guidelines for the compounding...

New Relief for Income Taxpayers: CBDT Permits Others to Claim TCS Credit for Taxes Paid on Expenses Such as Foreign Travel and Study Abroad

Understanding the Recent Amendment in Income Tax Laws Regarding TCS Credit The Central Board of Direct Taxes (CBDT) has recently revised income tax laws to...