WebJul 16, 2024 · Hi, myself Madhvi , a practicing CA in area of Direct Tax Litigation , Compliance and Advisory.In this video, I am discussing how to draft reply to the Penal... Web272A(1) Failure to answer questions, sign statements, attend summons u/s. 131(1) or failure to comply with the notice u/s 142(1) or u/s 143(2) or failure to comply with direction issued under section 142(2A) — ₹ 10,000/- for each failure. 272A(2) Failure to: Comply with notice u/s. 94(6) – furnishing information regarding securities
Penalty for failure to comply with notice under section 142(1) or 143(2
WebNov 24, 2016 · (c) failure to attend to give evidence or produce books or documents as required under section 131(1). (ii) New clause (d) has been included in section 272A(1) to levy penalty of ` 10,000 for each default or failure to comply with a notice issued under section 142(1) or section 143(2) or failure to comply with a direction issued under section ... WebSection 272A(1) in The Income- Tax Act, 1995 (1) If any person,-1. Inserted by the Finance Act, 1990, w. e. f. 1- 4- 1990. ... the Assessing Officer may direct that a sum shall be recovered from him by way of penalty which shall not be less than 10 per cent of the tax but which shall not exceed the amount of tax subsequently assessed on him in ... church lane stockport
Section 270A of Income Tax Act for AY 2024-24 – AUBSP
Web272A. (1) If any person,—. (a) being legally bound to state the truth of any matter touching the subject of his assessment, refuses to answer any question put to him by an income … WebOct 3, 2024 · Letter format to drop penalty u/s 270A - Tax queries - Income Tax. MANJULIKA BHATTACHARYA (1 Points) Replied 03 October 2024. WANT TO SEE A DRAFT REPLY U/S 270A FOR DROPPING PENALTY AND FILE APPEAL. WebSep 6, 2024 · Penalty shall not be less than Rs. 10,000 but may extend to Rs. 1,00,000: 271K: Penalty of default in submission of statement/certificate prescribed under section 35/Section 80G ... 272A(1) Refusal or failure to: ... (1) (d) comply with notice u/s 142(1), 143(2) or failure to comply with the direction issued u/s 142(2A). 272A(2) Failure to: (a ... church lane stevenage