Penalty u/s 271b
This query is : Resolved
17 December 2012
Has the penalty u/s 271b been revised to 1% of turnover?
IF yes, since when it is/will be applicable?
IF yes, since when it is/will be applicable?
17 December 2012
No.
However the second limb limit of Rs. 1,00,000/- is increased to Rs.1,50,000/- w.e.f April 1,2011.
However the second limb limit of Rs. 1,00,000/- is increased to Rs.1,50,000/- w.e.f April 1,2011.
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