Revised Guidelines for compounding offences under the Income-tax Act, 1961

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CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961

✅The Guidelines simplify the compounding process, reduce complexities from multiple existing guidelines, and lower compounding charges.

✅This is an additional step towards simplification of procedures aimed at promoting ease of compliance.

Details in the Press Release at: https://pib.gov.in/PressReleseDetailm.aspx?PRID=2065945&reg=3&lang=1