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 ... Summary
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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