Hunter Biden pleads not guilty to two minor tax offences

Jul 27, 2023

US President Joe Biden's son Hunter Biden, expected to plead guilty to two minor tax offences and avoid jail but after the deal with...

CBDT issues norms for compounding of offences under I-T Act

Sep 17, 2022

New Delhi [India], September 17 : The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences...

Special Court quashes LOC issued by IT dept against Businessman Samir Modi in alleged Tax Evasion, for offences under Black Money Act

Dec 22, 2021

New Delhi [India], December 23 : A Special Income Tax Court on Wednesday suspended a look out circular (LOC) issued by the Income Tax...

CBDT issues Revised Guidelines for compounding offences under IT Act

Oct 17, 2024

In conformity with the Finance Minister's budget announcement on simplification and rationalization of compounding procedure, The Central Board of Direct Taxes (CBTD) issued Revised...

3 held for VAT fraud, tax evasion during demonetisation

May 21, 2022

New Delhi [India], May 21 : Economic Offences Wing (EOW) of the Delhi Police has arrested three persons for allegedly committing VAT fraud and...

Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc to single rate of 1.5 pc

Oct 18, 2024

The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the...