Penalty for non-compliance to the Income Tax Ordinance, 1984

Penalties for non-compliance to the Income tax ordinance 1984 (Changes in the Finance Act 2015 incorporated):

The Income Tax Ordinance 1984 has mentioned several penalties for non-compliance of the provisions of income taxes. In addition to the below penalties there are punishments as well. As a corporate personnel you should know all the penalties and punishments. Although there is a specific chapter (Chapter XV Imposition of penalty) for clearly identifying all the penalties, some penalties have been mentioned in Chapter XIA Transfer pricing. We have collated all the penalties in the same page for your convenience.