section 148
Ishwar Saini (33 Points)
16 December 2018
one assessee get a notice under section 148 but he is not interested to reply what will be penal action about him pls clear
1 Replies
jyoti bhagchandani
(fresher)
(595 Points)
Replied 16 December 2018
Not responding to a notice under section 148 can lead to the following consequences:
Rigorous imprisonment which shall not be less than 6 months but which may extend to seven years and with fine where tax sought to be evaded exceeds ₹ 25 lakh (₹ 1 lakh up to 30-6-2012)
Rigorous imprisonment which shall not be less than 3 months but which may extend to two years (3 years up to 30-6-2012) and with fine in other cases.
Rigorous imprisonment which shall not be less than 6 months but which may extend to seven years and with fine where tax sought to be evaded exceeds ₹ 25 lakh (₹ 1 lakh up to 30-6-2012)
Rigorous imprisonment which shall not be less than 3 months but which may extend to two years (3 years up to 30-6-2012) and with fine in other cases.
Recent Topics
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
- Section 194 J Technical Service/Professional Servi
- Solving of Export Related Problems
Related Threads
CAclubindia
