Failure to cooperate with tax authority: potential monetary penalty imposed for refusal to answer, sign, or produce documents. A person who, without reasonable cause, fails to answer questions from a tax authority, to sign a statement required in proceedings, or to attend or ... Summary
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Failure to cooperate with tax authority: potential monetary penalty imposed for refusal to answer, sign, or produce documents.
A person who, without reasonable cause, fails to answer questions from a tax authority, to sign a statement required in proceedings, or to attend or produce books or documents in response to a summons under the Act is liable to a monetary penalty; that penalty is prescribed as not less than fifty thousand rupees and may extend to two lakh rupees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
