Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Failure to provide prescribed electronic payment facility triggers daily tax penalty unless reasonable cause is shown. Non provision of the facility to accept payments through prescribed electronic modes under section 269SU attracts a daily penalty of five thousand rupees unless the person proves good and sufficient reasons; the penalty is imposed by the Joint Commissioner of Income tax, with a statutory amendment designating the Assessing Officer to impose the penalty on or after 1 April 2025.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Failure to provide prescribed electronic payment facility triggers daily tax penalty unless reasonable cause is shown.
Non provision of the facility to accept payments through prescribed electronic modes under section 269SU attracts a daily penalty of five thousand rupees unless the person proves good and sufficient reasons; the penalty is imposed by the Joint Commissioner of Income tax, with a statutory amendment designating the Assessing Officer to impose the penalty on or after 1 April 2025.
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