Penalty & Prosecution

This query is : Resolved

Report Abuse Follow Query Ask a Query

inder

inder (Querist)
Follow

24 December 2009

Whether prosection can be done on non compliance of notice of Section 142(1) and sec.142(2A)

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
Follow

24 December 2009 Yes, if it amounts to willful attempts to evade any tax, penalty or interest which are liable under I T Act.

- Sec. 276C

On WILFULLY failure to furnish returns of income in DUE TIME U/S 139(1) OR BY A NOTICE GIVEN U/S 142(1).

- sEC. 276CC

inder

inder (Querist)
Follow

25 December 2009 Thanks !

Upgrade to CAclubindia Pro. Subscribe Now!