Income-tax Act, 2025
Penalty for failure to comply with provisions of section 185 - Section 450
Penalty for failure to comply with provisions of section 185.450. If a person takes or accepts any loan or deposit or specified sum in contravention of the provisions of section 185, the Assessing Officer may impose on him, a penalty equal to the amount of the loan or deposit or specified sum so taken or accepted. .... To read the full section download the app from Google Play store
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