Section 270A(9): Importance of Citing Specific Clauses for Alleged Income Misreporting

Vivek Jalanpro badge , Last updated: 16 December 2024  
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The concepts of 'underreporting of income' and 'misreporting of income' are two different charges with very clear boundaries. Sec. 270A(2) of the Income Tax Act deals with the concept of 'underreporting of income,' and for this, a 50% penalty is provided. Section 270A(9) deals with the concept of 'm

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Published by

Vivek Jalan
(DESIGNATED PARTNER)
Category Income Tax   Report

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