TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Ineligible for Composition Scheme? Section 10(5) Imposes Penalty Equal to Normal Tax Liability for Non-Compliance</h1> If a person opts for the composition scheme despite being ineligible, Section 10(5) mandates a penalty equal to the tax payable under the normal provisions of the Act. This penalty is in addition to the regular tax liability, effectively requiring the person to pay both the normal tax and an equivalent penalty for non-compliance.
TaxTMI 
