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New Income tax rules from today, tax defaulters can't get away by just paying fine | News Cover

News Cover: Income tax department will take strict action against tax defaulters. According to the Revised Guidelines of the Income Tax Department, the crimes committed under the Blackmoney and Benami laws will be seen as serious, which are not yet seen. If a person or organization steals tax, then the case will not be completed only if you pay tax, penalties or interest. The new guideline of income tax has been introduced from 17 June 2019. From today onwards all acts of tax evasion will be viewed as a serious offense. There are 13 types of cases listed in the Revised Guidelines. CBDT has instructed its top executives to rely on all cases of tax evasion. These 13 cases were not yet seen as serious offenses.News Cover. The News Cover. News Cover in English, English News, the news cover. English News, Indian News, Health News, news cover.english news paper today news in english today's news headlines in english today's international news today's news in english today's national news in english benifits of honey latest news today's business news headlines latest business news headlines international business news today daily business news business news live business news in hindi business standard news india news india business news in hindi todays business news headlines latest business news headlines business news live international business news today daily business news News cover, the news cover, english news, business news, indian news, news cover

Monday, June 17, 2019

/ by Avishek Bera
News cover, the news cover, english news, business news, indian news, news cover
News Cover: Income tax department will take strict action against tax defaulters. According to the Revised Guidelines of the Income Tax Department, the crimes committed under the Blackmoney and Benami laws will be seen as serious, which are not yet seen. If a person or organization steals tax, then the case will not be completed only if you pay tax, penalties or interest. The new guideline of income tax has been introduced from 17 June 2019. From today onwards all acts of tax evasion will be viewed as a serious offense.


There are 13 types of cases listed in the Revised Guidelines. CBDT has instructed its top executives to rely on all cases of tax evasion. These 13 cases were not yet seen as serious offenses.


According to the source, according to Section 115-0 or Chapter XVII-B of Income Tax, if you do not pay tax, then it will be seen as a category A. If an organization or person does not pay tax by source, then it will also be seen as an A category offense.


In Category B, the company or person will make willful default to tax evasion. As well as if you presenting the wrong information, then you are in the B category. 
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