tax slab benefits
deepak singh (44 Points)
23 February 2019
Dear experts, is slab benefit available while calculating under reported income or will it be taxable at flat highest slab
4 Replies
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 24 February 2019
it will be taxable at flat rate
Priya Kashyap
(Student)
(7053 Points)
Replied 24 February 2019
Under-reporting income or inflating deductions/exemptions in income tax return can attract heavy penalties ranging from 50% to 200% of tax evaded.
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