Income Tax Penalty : Free Study Material Here is the Free study material on Income Tax Penalty provisions Fees & Penalty for Delay/ Non filing of TDS Return of Income Tax (FA 2019) Income Tax Commissioner Power to Reduce or Waive Penalty { Amended by Finance Act 2018 Various Penalties under Income Tax Act [FA… Read More »
Section 234F Income Tax Act : ITR Late filing fees [ Section 234F of Income Tax Act Inserted by the Finance Act, 2017, w.e.f. 1-4-2018. i.e applicable from AY 2018-19 (FY 2017-18 ) onwards ] Summary of Section 234F Income Tax ITR Late filing fees Section 234F of the Income Tax Act, 1961, was introduced in… Read More »
Section 270A of Income Tax Act ( Section 270A – penalty in cases of under reporting and misreporting of income ) Finance Bill 2016 Rationalisation of penalty provisions Under the existing provisions, penalty on account of concealment of particulars of income or furnishing inaccurate particulars of income is leviable under section 271(1)(c) of the Income-tax Act. In… Read More »