No jail for TDS, ITR lapses? BCAS urges govt to fully decriminalise technical errors
No jail for TDS, ITR lapses? BCAS urges govt to fully decriminalise technical errors is drawing significant interest across the industry.
In its post-Budget memorandum on the Finance Bill 2026, the Bombay Chartered Accountants’ Society (BCAS) has urged the government to fully decriminalise TDS/TCS and return filing lapses. The body says current provisions are overly harsh for unintentional errors and has also sought removal of the reverse burden of proof and restrictive immunity clauses.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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