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Added on : 2019-09-12 08:35:38

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. It states: Cases where non-payment of TDS is Rs 25 lakh or below and delay in deposit is less than 60 days from the due date shall not be processed for prosecution in normal circumstances. However, irrespective of this, recourse will continue to lie against habitual defaulters, with the approval of a “collegium” comprising of two senior-ranking officers.

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