Penalty for non compliance with section 254: tax officers may impose a monetary penalty under the draft Income Tax Bill. The provision authorises the Joint Commissioner, Deputy Director, Assistant Director or the Assessing Officer to levy a discretionary monetary penalty ... Summary
Penalty for non compliance with section 254: tax officers may impose a monetary penalty under the draft Income Tax Bill.
The provision authorises the Joint Commissioner, Deputy Director, Assistant Director or the Assessing Officer to levy a discretionary monetary penalty capped at one thousand rupees for failure to comply with section 254 of the draft Income Tax Bill.
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