Daily Archives: September 12, 2019

CBDT Circular No. 25/2019  : Relaxation for compounding of offences

By | September 12, 2019

A taxpayer seeking compounding of offence is required to file application within 12 months from the end of the month in which prosecution complaint has been filed in the court of law. As a onetime measure, the CBDT has clarified that application filed before the competent authority on or before 31-12-2019 shall be deemed to… Read More »

CBDT Circular No 24 /2019 : No prosecution for TDS and Income tax Default

By | September 12, 2019

CBDT issues Guidelines for identification & processing of cases for prosecution under Income Tax Act. Constitution of Collegium of 2 CCIT/DGIT rank officers. CBDT Guidelines for prosecution of cases  Circular No.  24 /2019 F.No.285/08/2014-IT(Inv. V)/349 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ******* Room No. 515, 5th Floor,… Read More »