Saket Dalmia, President, PHD Chamber of Commerce and Industry, said there must be focus on decriminalisation and reduction in costs of doing business. For financial mistakes, there should be financial redressal such as penalties and not imprisonment, according to a statement from the indu
New Delhi [India], September 17 (ANI): The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences under the Income Tax Act, 1961, in conformity with the government's policy of facilitating Ease of Doing Business and decriminalisation of
New Delhi [India], September 20 (ANI): The Lok Sabha on Saturday passed a bill that seeks to decriminalise certain offences under the Companies Act, 2013, in case of defaults but not involving frauds.