Sec 271 c of income tax act
Web10 Apr 2024 · Therefore, on plain reading of section 271C of the Act, 1961, there shall not be penalty leviable on belated remittance of the TDS after the same is deducted by the … Web14 hours ago · ITAT Delhi held that penalty u/s 271(1)(c) of the Income Tax Act alleging inaccurate particulars not leviable as assessee was subjected to tax on book profits u/s …
Sec 271 c of income tax act
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Web11 Apr 2024 · 11 April 2024 3:15 AM GMT. The Supreme Court has ruled that no penalty is leviable under Section 271C of the Income Tax Act, 1961 on mere delay in remittance of the tax deducted at source (TDS ... WebSection 271C of Income Tax Act deals with penalty for failure to deduct TDS or remit TDS with the Income Tax Department. The maximum amount of penalty under Section 271C is …
WebPenalty under Section 271J. Under this section, the person in default, who can be a chartered accountant, merchant banker or registered valuer will be levied with a penalty … WebSection - 1 Short title, extent and commencement Section - 2 Definitions Section - 3 "Previous year" defined Section - 4 Charge of income-tax Section - 5 Scope of total …
Web14 Mar 2012 · I ,therefore, pray that your Honor shall accept the conceded income as my true and correct income and to drop the proposed penalty proceeding initiated u/s … Web22 Mar 2024 · The Delhi High Court has ruled that a penalty order passed by the income tax authority under Section 271(1)(c) of the Income Tax Act, 1961 without granting a hearing …
Web10 Apr 2024 · New Delhi, Apr 10 (PTI) The Supreme Court Monday held that no penalty shall be leviable under section 271C of the Income Tax Act over mere belated remittance of the tax deducted at source...
Web12 Apr 2024 · This discrepancy was accepted by the assessee and offered for taxation as business income in the return of income. However, the AO held hat access stock found was undisclosed investment within the meaning of section 69, and therefore taxes have to be levied at higher rate under the provision of section 115BBE of the Act.. In the first appeal, … meriden womens center wallinford ctWeb13 Apr 2024 · Supreme Court important verdict holding that delayed deposit of TDS would not attract penalty under Section 271C of the Income Tax Act. In the facts of the case, the assessee had withheld tax on salary payments etc during the year, but only deposited a part of the withheld tax by the prescribed due date. The remaining TDS was deposited some ... meriden wallingford arcWeb2 Feb 2024 · Article explains Provisions of Section 271C of Income Tax Act, 1961 which provides for Penalty for failure / non-deduction / non-payment of TDS. Basically, as we … how old was babymetal when they startedWebText created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who … how old was bakugou when he started uaWebधारा 271 धारा 271 आयकर अधिनियम (Income Tax Section 271 in Hindi) - रिटर्न प्रस्तुत करने में असफलता, नोटिस का अनुपालन, आय को छुपाना आदि आयकर अधिनियम धारा 271 विवरण (१) यदि … meriden youth theatreWeb13 Apr 2024 · The Supreme Court in this case was considering whether the appellant was liable for penalty u/s 271C even though there was mere delay in payment as the provisions of Section 271C dealt with penalty for failure to deduct the tax and not delayed payment of tax. The court accepting the arguments of the Appellant’s AR that the penal provisions ... how old was bam margera in jackassWeb22 May 2024 · It appears that the notice in this case has been issued by the Assessing Officer just for the sake of providing the opportunity, but this opportunity cannot be … meriden wic program