❮ ❮ ❮ ❮ ❮ ❮ ❮
❯ ❯ ❯ ❯ ❯ ❯ ❯

Section - 271D, Penalty for failure to comply with the provisions of section 269SS (IT Act, 1961)

Section - 271D, Penalty for failure to comply with the provisions of section 269SS (IT Act, 1961)

Income Tax

Penalty for failure to comply with the provisions of section 269SS.

(1) If a person takes or accepts any loan or deposit or specified sum] in contravention of the provisions of section 269SS, he shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit or specified sum so taken or accepted.

(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.

×

Similar Ripples

R.Chandrashekar, Advocate for the Appellants. Dr.S.Sundar Rajan for the Respond…

If the assessee is able to establish that all the cash transactions are arising…

DEPUTY COMMISSIONER OF INCOME TAX & ORS. VS LODHA CONSTRUCTION (DOMBIVALI) & OR…

ASSISTANT COMMISSIONER OF INCOME-TAX VS VS. G.V.S.L.KANTHA RAO-(ITAT)

Supreme Court dismisses tax department's appeal on penalty due to limitation pe…

Questions

There is no question

Section - 271D, Penalty for failure to comply with the provisions of section 269SS (IT Act, 1961)

Write your Comment

Would you like to edit this news ? Edit

i

You get opportunity to take 30 day Challenge program.

Optional

Advanced

i

You get opportunity to take 30 day Challenge program.

Optional

Add tags

i

You get opportunity to take 30 day Challenge program.

Optional

PUBLISH IT

Don't sell
PUBLISH IT
Publish privately
SAVE AS DRAFT

Dont't publish now