News & Media 1st Feb 2024
Darshan Bora, Partner, Economic Laws Practice (ELP) speaks to Thyagarajan Narendran from moneycontrol.com as he writes on “Decriminalise more provisions in tax laws in Budget 2024, say lawyers and CAs “. The criminal prosecution in income tax law gets triggered even for trivial human errors such as delays in deposit of withholding taxes, These and similar other provisions do not help build an environment of trust between the taxpayer and the authorities.
Legal and accounting experts are seeking more provisions of decriminalization in both the income tax and goods and services tax (GST) laws.