Hi all
is there any penalty under income tax for bank transfer(gpay) around 32 lacs in a year
if so kindly confirm under which section
Menu
Penalty under IT
Replies (1)
Unless the transactions are duly justified, penalty under Section 270A-
- Penalty for under-reporting of income
- Penalty for under-reporting on account of misreporting of income can be imposed.
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
