271d penalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2013
I know when the penalty of 271D is imposed(i.e. non comply of 269ss) but i want to know is this is compulsory penalty.
means how IT dept. knows about the transaction.
and
i think it is only imposed in case of scrutiny of assessee.
please tell me full process.
means how IT dept. knows about the transaction.
and
i think it is only imposed in case of scrutiny of assessee.
please tell me full process.
29 May 2013
if you have take a loan or advance or unsecured loan from any body Rs. 20000/- or more in a financial year .
then equal to loan amount penaly to be imposed
then equal to loan amount penaly to be imposed
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2013
i already said , i know the provision, but i want to know how IT dept knows about it, and how they call for penalty.
30 May 2013
r/sir
if you are filing the income tax return
then
following cases:
1. your case under securtiny
2. from your business Audit report.
3. any complian recd by ITO
4. surevey by ITO
5. any other information recd by ITO from any deptt. ( like sales tax raid, excise, service tax , market committee.)
if you are filing the income tax return
then
following cases:
1. your case under securtiny
2. from your business Audit report.
3. any complian recd by ITO
4. surevey by ITO
5. any other information recd by ITO from any deptt. ( like sales tax raid, excise, service tax , market committee.)
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TWO FIRM NAME IN ONE GST NUMBER
- Section 54 f disallowed will be taxed at what rate
- ITR -1 Filing
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Transfer of rectification rights to ao
- Eway issued more than one
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- SEA GOING ALLOWANCE
- TDS whether applicable or not in case of Flat purchase
- IGST Refund pending since June 2022.
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
- Fees amount transfer procedure for two doctors
Trending Online Classes
CAclubindia
