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A Balanced Approach to Tax Penalties Under the Income Tax Act:- Complete Guide

The Income Tax Act, 1961, balances the imposition of penalties with principles of fairness to protect taxpayer rights while safeguarding government revenue. Penalties are a crucial tool to deter non-compliance and promote accountability, but their application requires judicial scrutiny

Section 273B Explained: Relief From Penalties for Genuine Hardships

Section 273B of the Income Tax Act, 1961, serves as a relief mechanism for taxpayers who fail to comply with certain provisions of the Act due to a reasonable cause. This section ensures that penalties are not imposed arbitrarily

Income Tax Penalty Timelines: What You Need to Know

The Income Tax Act, 1961, provides specific timelines within which penalties must be imposed to ensure procedural fairness and compliance with tax laws. These timelines vary depending on the type of penalty and the related assessment proceedings. Understanding these

Everything You Need to Know About the Procedure for Tax Penalties

The Income Tax Act, 1961, provides a detailed framework for imposing penalties to ensure compliance and deter non-compliance with tax laws. Penalties can be levied for various defaults, including non-filing of returns, under-reporting of income, and maintaining false accounts.

Tag: taxpayer rights

A Balanced Approach to Tax Penalties Under the Income Tax Act:- Complete Guide

Section 273B Explained: Relief From Penalties for Genuine Hardships

Income Tax Penalty Timelines: What You Need to Know

Everything You Need to Know About the Procedure for Tax Penalties

Explore

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Tag: taxpayer rights

A Balanced Approach to Tax Penalties Under the Income Tax Act:- Complete Guide

Section 273B Explained: Relief From Penalties for Genuine Hardships

Income Tax Penalty Timelines: What You Need to Know

Everything You Need to Know About the Procedure for Tax Penalties

Explore

Contact

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