Tightening noose around several categories of tax defaulters, like those who stash black money offshore, will not be able to compound their offences (a process of paying a stiff compounding fee in lieu of prosecution). On Friday, Central Board of Direct Taxes issued revised guidelines on 'Compounding of offences under the direct tax laws' in effect from June 17.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2MPmS77
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