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>Income Tax Bill 2025: Clause 470 exempts penalties if reasonable cause for non-compliance with sections 441-468 is shown.</h1> Clause 470 of the Income Tax Bill, 2025, states that no penalty will be imposed on an individual or assessee for failures outlined in various sections, including sections 441 to 463, 465, 466, 467, and 468, if the person can demonstrate a reasonable cause for such failures. This provision serves as an exemption from penalties under specified circumstances, provided the individual can justify the reasons for non-compliance.
TaxTMI 
TaxTMI 
