Wealth-Tax Act, 1957
Section - 18 - Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc.
26[Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc.2718. (1) If the 28[Assessing Officer], 29[Deputy Commissioner (Appeals)], 30[Commissioner (Appeals),] 31[Chief Commissioner or Commissioner] or Appellate Tribunal in the course of any proceedings under this Act is satisfied that any person-
he or it may, by order in writing, direct that such person shall pay by way of penalty-
| (a) | - | 32[***] |
| (b) | - | has 33[***] failed to comply with a notice under sub-section (2) or sub-section (4) of section 16 ; or |
| (c) | - | has concealed the particulars of any assets or furnished inaccurate particulars of any assets or debts, |
| (i) | - | .... To read the full section download the app from Google Play store
ARTICLESHIP
18 September 2026
Industrial TraineeTwenty Point Nine Five Ventures Private Limited Noida CA Inter View Details
22 September 2026
Account AssistantChirag P Shah & Co. Chartered Accountant Pune B.Com View Details
ARTICLESHIP
16 September 2026
Article AssistantMANUJ SHARMA AND COMPANY Noida CA Inter View Details
Featured
11 September 2026
Audit ExecutiveRBSM Corporate Advisors Private Limited Pune CA View Details
ARTICLESHIP
30 September 2026
CA Article AssistantCA Suraj Garg & Associates New Delhi CA Final View Details
CCI
Pro
|
CAclubindia
