Posted On:  2 months ago

Rationalisation of section 276CC relating to prosecution for failure to furnish return as per Budget 2018

Section 276CC of the Act provides that if a person willfully fails to furnish in due time the return of income which he is required to furnish, he shall be punishable with imprisonment for a term, as specified therein, with fine.

article author One Roof Consultant

Posted On:  2 years ago

Form No. 68 -Immunity from imposition of penalty- Section 270AA

S.O. 3150 (E).- In exercise of the powers conferred by section 295 read with sub-section (2) of section 270AA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

article author One Roof Consultant