Securities Transaction Tax: failure to comply with a notice may incur a Rs. 10,000 penalty per default. The Assessing Officer may direct the payment of a penalty of ten thousand rupees for each failure to comply with a notice, imposed in addition to any ... Summary
Securities Transaction Tax: failure to comply with a notice may incur a Rs. 10,000 penalty per default.
The Assessing Officer may direct the payment of a penalty of ten thousand rupees for each failure to comply with a notice, imposed in addition to any securities transaction tax and any interest payable, as a sanction exercisable in the course of proceedings under the Chapter to enforce notice compliance.
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