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Non Payment of Taxes

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(Querist)
19 May 2009 what if a company has not paid any taxes for the last two years? what will be the offences & panelties it has to face?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 May 2009 Interest u/s 234A.
Penalty u/s 271F.
Penalty u/s 221(1).
Prosecution u/s 276C.
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taxindiaconnect

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taxindiaconnect (Expert)
20 May 2009 I will Just modify the answer given by BC - The company would be liable to interest u/s 234B & 234C also.
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