Income per Return u/s 139 -->Rs.20 Lakhs
Income per Return u/s 148 --> Rs.26 Lakhs
Income Assessed Finally --> Rs.33 Lakhs
Penalty u/s 270A will be charged on Rs.7Lakhs(Rs.33Lakhs minus Rs.26Lakhs). Kindly confirm.
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Penalty Calculation /s 270A - Illustration
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Penalty will be over Rs. 13L....
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