Videos
Advertisement
Default View

"Income Tax Prosecutions Rationalised; Maximum Jail Term Reduced to 2 Years": Finance Minister

  • 1:16
  • Published On: February 01, 2026
Cinema View
Embed
WhatsApp
Reddit
Copy Link

Finance Minister Nirmala Sitharaman proposed reforms to simplify the prosecution framework under the Income Tax Act while maintaining deterrence for serious offenses:

Minor offences decriminalised: Non-production of books, incomplete documentation, and tedious payments made in kind will now attract fines instead of criminal prosecution.

 

Show Full

Related Videos

Jayant Sinha Calls Union Budget 2026 'Excellent,' Boosting Growth And Stability
February 01, 2026 4:10

Jayant Sinha Calls Union Budget 2026 'Excellent,' Boosting Growth And Stability

WhatsApp
Reddit
Copy Link
Budget 2026 A Balance Of High Capex And High Growth, Says PM Modi
February 01, 2026 11:16

Budget 2026 A Balance Of High Capex And High Growth, Says PM Modi

WhatsApp
Reddit
Copy Link
"Very Responsible Budget": Amitabh Kant On Budget 2026
February 01, 2026 5:01

"Very Responsible Budget": Amitabh Kant On Budget 2026

WhatsApp
Reddit
Copy Link
Budget 2026 Is About 'Crowding-In-Capital', Not A Holding Budget: Deloitte's Vivek Gupta
February 01, 2026 3:19

Budget 2026 Is About 'Crowding-In-Capital', Not A Holding Budget: Deloitte's Vivek Gupta

WhatsApp
Reddit
Copy Link
"Good Budget From A Manufacturing Perspective": FICCI's Shreevar Kheruka On Budget 2026
February 01, 2026 0:44

"Good Budget From A Manufacturing Perspective": FICCI's Shreevar Kheruka On Budget 2026

WhatsApp
Reddit
Copy Link
Industry Welcomes Reform Agenda in Budget 2026: Chairman, Rasna Group
February 01, 2026 1:58

Industry Welcomes Reform Agenda in Budget 2026: Chairman, Rasna Group

WhatsApp
Reddit
Copy Link
'Budget 2026 Too Narrow, Overlooks Agriculture And Informal Economy': Economic, Prasenjit Bose
February 01, 2026 1:36

'Budget 2026 Too Narrow, Overlooks Agriculture And Informal Economy': Economic, Prasenjit Bose

WhatsApp
Reddit
Copy Link
"Budget 2026: Exporters Get More Time To Ship Leather and Textile Products"
February 01, 2026 0:51

"Budget 2026: Exporters Get More Time To Ship Leather and Textile Products"

WhatsApp
Reddit
Copy Link
"India Promotes Marine, Leather, And Textile Exports with Input Duty Relief": FM Nirmala Sitharaman
February 01, 2026 0:42

"India Promotes Marine, Leather, And Textile Exports with Input Duty Relief": FM Nirmala Sitharaman

WhatsApp
Reddit
Copy Link
"I Am Relieved It Is A Boring Budget": Economist Dr Rathin Roy On Budget 2026
February 01, 2026 1:33

"I Am Relieved It Is A Boring Budget": Economist Dr Rathin Roy On Budget 2026

WhatsApp
Reddit
Copy Link
"Budget 2026: Buyback Tax Reforms To Protect Minority Shareholders": FM Nirmala Sitharaman
February 01, 2026 1:35

"Budget 2026: Buyback Tax Reforms To Protect Minority Shareholders": FM Nirmala Sitharaman

WhatsApp
Reddit
Copy Link
"Foreign Cloud Companies Using Indian Data Centres to Get Tax Holiday Till 2047": FM Sitharaman
February 01, 2026 1:10

"Foreign Cloud Companies Using Indian Data Centres to Get Tax Holiday Till 2047": FM Sitharaman

WhatsApp
Reddit
Copy Link

Just Added

Advertisement
Get App for Better Experience
Get it on
Google Play
Download on the
App Store
Get App for Better Experience
Install Now