Bona fide mistake by elderly taxpayer in using simplified ITR form exempts them from Black Money Act non-disclosure penalties.
Bona fide mistake by elderly taxpayer in using simplified ITR form exempts them from Black Money Act non-disclosure penalties. Issue Whether a harsh penalty under Section 43 of the Black Money Act, 2015 can be sustained for the non-disclosure of foreign bank accounts against an 80-year-old taxpayer who mistakenly used ITR-1 (Sahaj), paid full taxes… Read More »