Penalty under section 271CA equals the tax a person failed to collect and is payable as a sum. The operative rule prescribes that the penalty is a sum equal to the amount of tax which the person has failed to collect, thereby making the monetary ... Summary
Penalty under section 271CA equals the tax a person failed to collect and is payable as a sum.
The operative rule prescribes that the penalty is a sum equal to the amount of tax which the person has failed to collect, thereby making the monetary sanction coextensive with the uncollected tax and establishing a direct compliance liability measured by that shortfall.
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