Monetary Limit

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22 Points Posted on 11 April 2020
what is the monetary limit for levy of penalty by wealth tax officer of the rank of ITO where no approval of JCIT / Addl. cit is required?
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On 11 April 2020 at 21:36 Report
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This discussion clarifies the monetary limit for penalty imposition by a Wealth Tax Officer of the rank of Income Tax Officer (ITO). It establishes that an ITO can levy a penalty up to Rs. 10,000 without requiring the approval of a Joint Commissioner of Income Tax (JCIT) or Additional Commissioner of Income Tax (Addl. CIT).

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12244 Points Posted on 13 April 2020
FOR ITO 10000 RS
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On 13 April 2020 at 02:19
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22 Points Posted on 13 April 2020
Thanku Sir.
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On 13 April 2020 at 16:43

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