When penalty under Section 271FAA may be imposed?

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....posed if any person provides inaccurate information in the Statement of Financial Transaction or Reportable Account under Section 285BA. The penalty may be levied if: a. ​The inaccuracy i....

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....but he fails to inform and furnish correct information within 10 days.​ However, w.e.f. 01-10-2024, the penalty of Rs. 50,000 shall be attracted in any of the following circumstances: (i) fur....