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We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic
• Quick overview summary answering your query with references
• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced
• Includes everything in Basic
• Detailed report covering:
- Overview Summary
- Governing Provisions [Acts, Notifications, Circulars]
- Relevant Case Laws
- Tariff / Classification / HSN
- Expert views from TaxTMI
- Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.
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<h1>Search-triggered penalty applies for undisclosed income found in searches between specified 2016 and 2024 cut-off dates.</h1> Penalty under Section 271AAB(1A) applies where a search is initiated and undisclosed income is found, provided the search was initiated on or after 15-12-2016; the provision does not apply to searches initiated on or after 1-09-2024.