Web15 Jul 2024 · Sl. No. Category. Amount of Penalty . Search initiated in the period 01-07-2012 to 15-12-2016 . 1. If assessee admit the undisclosed income, explains the source, pays … WebAmendment of section 271AAC. 117. Amendment of section 271AAD. 118. Amendment of section 271C. ... section 164 or section 164A or section 167B of the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act) apply, the tax chargeable shall be …
1-Issues under s. 270A - WIRC-ICAI
WebM. Audit Reports under Income Tax Act, 1961. N. Period of Limitation under Income Tax. ... 157. Penalty in Search Cases [Section 271AAB and Section 271AAC] 158. Penalty for False Entry, etc. in Books of Accounts [Section 271AAD] 159. Common Issues [Sections 273AA, 273B, 274 and 275] 160. Offences and Prosecution [Sections 275A to 280D] Web“I. Section 37(1) of the Income-tax Act, 1961, read with sections 4 and 8, of the Indian Telegraph Act, 1885 – Business expenditure II. Section 80-IA of the Income-tax Act, 1961 … first opened potala palace
A Draconian Penal Provision: - Critical Analysis of Section 271AAD …
Web[As amended by Finance Act, 2024] Tax rates applicable to amount charged to tax by virtue of sections 68, 69, 69A, 69B, 69C and 69D As per Section 115BBE, income tax shall be calculated at 60% where the total income of assessee includes following income: a) Income referred to in Section 68, Section 69, Section 69A, Section 69B, Section 69C Websection 271aac penalty in respect of certain income income tax act 1961 2016. Products. Products. Clear Library. Income Tax. GST. ... Section 80 savings. House property. File … WebSection271AAC of Income Tax Act 1961, Penalty in respect of certainincome. Penalty in respect of certain income is defined under section271AAC of Income Tax Act 1961. … first openly gay man elected to public office