Finance Bill 2025: Exemption from Prosecution for Delayed TCS Payment Introduced

Last updated: 07 February 2025

The Finance Bill 2025 has introduced a crucial amendment to Section 276BB of the Income-tax Act, 1961, which pertains to the prosecution for failure to deposit Tax Collected at Source (TCS) with the Central Government. This amendment aims to provide relief to taxpayers by allowing them to avoid pros

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Category Union Budget   Report

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