Mumbai: Indian benchmark equity indices experienced a powerful and much-needed revival on Tuesday, mounting a sharp rally of approximately 1.6% following positive indications from the central government regarding future tax consultations. The robust recovery offered a stark contrast to a prolonged 12-month period of market fatigue, injecting renewed optimism into Dalal Street and driving high-conviction […]
CBDT Streamlines Tax Relief: New Amendments to Form 161 Offer Taxpayers Penalty Waivers
By Sandal Khan Business Correspondent, Zee Media Updated: October 10, 2026 In a significant move toward easing the compliance burden for taxpayers, the Central Board of Direct Taxes (CBDT) has introduced critical amendments to the regulatory framework governing penalty waivers. These changes, centered on the newly revised Form 161, provide a clearer, more accessible pathway […]