Does having a tax penalty means a criminal record?
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Tax penalty and criminal record
Replies (7)
no that's not criminal instead civil
What are the implication of civil?
tax penalty for belated , advance tax for what ?
my question is A.O assess a file and adds extra penalty taxes
What are the implication of it does it create a criminal record or some records or just pay the penalty and go
If you are unable to produce sufficient proof and convince the assessing officer (A.O) about the legitimacy of your cash then you are likely to face penalties and prosecution as per the Income Tax Act
I am asking about just penalty...when only penalty is levied what are the implications of it.
Does paying only penalty creates criminal record or other record which can effect future job
just penalty ka toh koi karan hi hoga sir
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