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    February 27, 2025   Notes Bill
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    August 3, 2024   Notes Bill
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      Insertion of new section 270A - Penalty for underreporting and...

      Section 270A Introduces 200% Penalty for Underreporting and Misreporting Income, Including Failure to Record Receipts in Accounts.

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      BillMarch 2, 2016Act-Rules
      Insertion of new section 270A - Penalty for underreporting and misreporting of income. - failure to record any receipt in books of account having a bearing on total income will form misreporting of income and would attract 200% penalty.
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