New Section 270A: Penalties for Income Underreporting & Misreporting; Sub-section (6) Lists Exemptions from Under-reporting Classification.

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Full Text of the Document

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....Insertion of new section 270A - Penalty for underreporting and misreporting of income. - Sub-section (6) of the proposed new section seeks to provide that under - reported income under this section shall not include certain cases mentioned therein.....