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Penalties and Prosecutions Under the Income tax Act, 1961

Penalties and Prosecutions

Default in complying with provisions of or with conditions prescribed under the Income-tax Act would attract certain penalty and in critical cases prosecutions as well. The document will provide you information about the punishable offences, prosecutions and the quantum of penalties that can be imposed under the law. (more…)

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#Income Tax Penalty #Penalty for Concealment of Income #section 271(1)(c)#Section 271A #Section 271B #Section 271C #Section 271H

Football & Income Tax- Penalty, in both, is Hefty

CA Umesh Sharma

Arjuna (Fictional Character): Krishna, Diwali was celebrated in pomp and splendor. Following the IPL in Cricket, the “Indian Super League” for football has started. It will be really interesting game to link Football and Income Tax Provisions. Could you explain it to me in playful manner? (more…)

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#CA Umesh Sharma #Income Tax Penalty #Penalty for Concealment of Income #section 271(1)(c)#Section 271A #Section 271B #Section 271C #Section 271H

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