income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 January 2011
if sec 271(1)c is applicable then then the penalize amount will be converted in income or it will be out of my books by income Tax department?
Guest
Guest
(Expert)
20 January 2011
It will not automatically converted into cash income.
21 January 2011
it will be your income
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