penalty for concealment of income

This query is : Resolved

Share Report Follow Query Ask a Query

Simran

Simran (Querist)
Follow

26 September 2009 Pls explain me sec 271(1)(c) in detail

Rajeev

Rajeev (Expert)
Follow

26 September 2009 :) read the bare , if any doubts , get back to us

Ram Avtar Singh

Ram Avtar Singh (Expert)
Follow

27 September 2009 read by this link

https://www.cainindia.org/news/8_2008/tilting_onus_us_2711c.html

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
Follow

27 September 2009 271. (1) If the Assessing Officer or the Commissioner (Appeals) or the Commissioner in the course of any proceedings under this Act, is satisfied that any personâ€”
(c) has concealed the particulars of his income or furnished inaccurate particulars of such income,
he may direct that such person shall pay by way of penalty,â€”
in addition to tax, if any, payable by him, a sum which shall not be less than, but which shall not exceed three times, the amount of tax sought to be evaded by reason of the concealment of particulars of his income or fringe benefits or the furnishing of inaccurate particulars of such income or Fringe benefits.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Prashant Kotecha

Akhilesh Chandra

Vasudevan Santhanam

CA Saurabh Jadhav

shobi H

Subscribe Now

penalty for concealment of income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Accountant

GST CONSULTANT

Manager- Finance and Compliance

Senior Executive