Penalty/prosecution u/s 276bb
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2014
If I have collected TCS from the sale proceed of alcoholic liquor, deducted TCS but deposited the same after about 2 years. What can be the penal proceeding against the same ?
23 February 2014
well you are bang on with the title of the query. 276BB is applicable..so the penalty is jail term - minimum 3 months.
though dont know how many times this section has been actually invoked
though dont know how many times this section has been actually invoked
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
- Sale of goods to the purchasing party
- OLD REGIM AND NEW REGIM
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- Clarification Required on Filing Form 141 for Joint Buyers
- FORM 10BB/10B REQUIRED OR NOT
- LIC maturity claim whether taxable
- HOUSING LOAN ISSUE
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- Maintenance of asset register
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
