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Monday, June 17, 2019

New income tax rules from today; defaulters can't escape by simply paying penalty

If the individual or entity makes a class A offence on more than 3 occasions then it'll not be generally combined.


The revised guidelines issued by the income tax (I-T) department have made serious offences under the black money and benami laws generally non-compoundable. It means a private or associate entity wouldn't be able to go away by simply paying the tax demand, penalty and interest. The new tips can kick in from Gregorian calendar month seventeen. it'll be applicable to any or all cases for combining received on or once this date.
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