The Central Board of Direct Taxes (CBDT) has relaxed some norms relating to prosecution of income tax defaulters for delay in depositing TDS (tax deducted at source), under-reporting of income in the tax return or non-filing of I-T return. CBDT’s circular, issued on September 9, sets the limit and time period for proceeding with prosecution in respect of TDS defaults.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZTcb9x
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