Sec 272A (1)(d) of IT Act 1961

CMA Narendra Srivastava CMA Narendra Srivastava

CMA Narendra Srivastava

M.Com, FCMA, DISSA, DFA, ISLA with 33 years experience in Power sector

发布日期: 2024年6月6日
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Section 272A(1)(d)?of the?Income Tax Act, 1961?pertains to penalties for specific non-compliance by taxpayers. Let’s delve into the details:

  1. Non-Compliance Scenarios Covered: The section applies when a taxpayer: Refuses to answer questions posed by an income-tax authority during assessment. Refuses to sign any statement made during proceedings under the Act (when legally required to sign). Fails to comply with a notice issued under: Sub-section (1) of?Section 142?(pertaining to inquiries before assessment). Sub-section (2) of?Section 143?(pertaining to assessment). Sub-section (2A) of?Section 142?(pertaining to directions issued during assessment).
  2. Penalty Imposed: The penalty for each such default or failure is??10,000.

Remember that adherence to tax compliance procedures is essential to avoid penalties. Consult a tax professional for specific advice related to your situation.

M. No.7992236806

mail: [email protected]

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