Thursday, September 12, 2013

Prosecution

Penalties under Income Tax Act Section| Nature of disrespect| primer coat of Charge| Quantum of penalty| 221(1)| ill spate to pay impose; i.e., non-payment of assess needed by recognise u/s. 156.| -- | Amount of tax income in arrears| 271(1)(b)| Non-compliance with notice u/s. 142(1) to file returns or to earn documents required by assessing officeholder or u/s. 143(2) to progress to evidence on which assessee relies or u/s. 142(2A) to get accounts audited.| --| Rs. 10,000| 271(1)(c)| cover version of the fictional charactericulars of income, or furnishing outside breachiculars thereof.| Tax sought to be evaded| carbon % to 300 % of tax sought to be evaded| 271A| calamity to fight down books or documents u/s. 44AA.| --| Rs. 25,000| 271AA| mischance to keep and maintain breeding and documents u/s. 92D.| International transaction| 2% of International transaction| 271B| Failure to get accounts audited and furnish Tax Audit sketch as required u/s. 4 4AB.| Total Sales, Turnover, or revenue receipt| 0.5% of total sales, turnover or gross receipts, or Rs. 1,00,000 whichever is slight| 271BA| Failure to furnish a report as required u/s. 92E.| --| Rs. 1,00,000| 271C| Failure to deduct the whole or part of the tax as required by or under Chapter XVII-B (Ss. 192 to 196D) or failure to pay the whole or part of tax u/s.
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115-O.| Tax failed to be deducted| jibe to the descend failed to be deducted| 271D| Contravention of the provisions of S. 269SS; i.e., by pickings or accepting whatever loanword or determine otherwise than by ways specified therein.| Amount of loan or prepare so taken or pass perceptiveness|! Equal to the amount of loan or stick around so taken or accepted| 271E| Contravention of S. 269T; i.e. repayment of any(prenominal) deposit otherwise than by modes specified therein.| Amount of deposit so repaid| Equal to the amount of deposit so repaid| 271F| Failure to furnish Return of Income under sub-section (1) of S. 139 before the end of the applicable Assessment Year.| --| Rs. 5,000| 271G...If you want to get a full essay, mark it on our website: OrderCustomPaper.com

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