Penalty under section 272AA specified as a capped statutory fine for reporting defaults, per FAQs guidance. The FAQ clarifies that the penalty prescribed under section 272AA for specified income tax reporting non compliance is capped and the maximum levy under ... Summary
Penalty under section 272AA specified as a capped statutory fine for reporting defaults, per FAQs guidance.
The FAQ clarifies that the penalty prescribed under section 272AA for specified income tax reporting non compliance is capped and the maximum levy under the provision is Rs. 1,000.
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