Penalty


This query is : Resolved 

27 September 2011 Is there a penalty in case wrong PAN no. has been furnished in the income tax return? For example I am filing my incometax return and i have furnished wrong PAN no. of mine...

Please resolve my query....

27 September 2011 It is a violation of section 139(5)(a) for which penalty of Rs.10,000/- is prescribed in section 272B(1) of the IT Act,1961.

28 January 2012 I agree with the expert


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