Income-tax Act: omission of penalty provision section 443 as consequential to section 439, effective 1 April 2026. The Bill omits section 443 of the Income-tax Act, 2025-removing the specified penalty provision-as a consequential amendment to section 439, with effect ... Summary
Income-tax Act: omission of penalty provision section 443 as consequential to section 439, effective 1 April 2026.
The Bill omits section 443 of the Income-tax Act, 2025-removing the specified penalty provision-as a consequential amendment to section 439, with effect from 1 April 2026 and applying to the tax year 2026-2027 and subsequent years.
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