Budget 2026: Time to adopt income tax decriminalization suggested by NITI Aayog

Budget 2026: One of the most debated provisions relates to failure to furnish a return of income. Today, failure to file returns in cases involving tax liability above ₹10,000 (NIL for companies) can trigger prosecution.

Budget 2026: Time to adopt income tax decriminalization suggested by NITI Aayog
Budget 2026: One of the most debated provisions relates to failure to furnish a return of income. Today, failure to file returns in cases involving tax liability above ₹10,000 (NIL for companies) can trigger prosecution.