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income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 January 2011 if sec 271(1)c is applicable then then the penalize amount will be converted in income or it will be out of my books by income Tax department?
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Guest

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Guest (Expert)
20 January 2011 It will not automatically converted into cash income.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
21 January 2011 it will be your income
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