ITR filing: 10 penalties taxpayers should not ignore
A late filing fee of Rs 5,000 is applicable if the income tax return is submitted after the due date specified under Section 139(1). (AI
A late filing fee of Rs 5,000 is applicable if the income tax return is submitted after the due date specified under Section 139(1). (AI image) What are the various sections under which income tax penalties are applicable? When does a default happen and what are the penalty amounts that have to be paid by taxpayers?
Here is a list of 10 top 10 penalties that can be imposed Section: 234F When does default happen? What is the penalty? Section: 140A(3) When does default happen? What is the penalty? Section: 234G When does default happen? What is the penalty?
Section: 158BFA(2) When does default happen? What is the penalty? Section: 271AA1 When does default happen? What is the penalty? Section: 221(1) When does default happen? What is the penalty? Section: 234E When does default happen? What is the penalty? Section: 234I When does default happen?
What is the penalty? Section: 270A(1) When does default happen? What is the penalty? Section: 271A When does default happen? What is the penalty?
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