Penalties and prosecutions in income-tax
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Penalties and prosecutions in income-tax being a most comprehensive tax hand-book containing up-to-date information on the law, practice and procedure relating to penalties and prosecutions under the Income-tax act by Sharma, Ramesh C.

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Published by Practical Tax Publishers in Delhi .
Written in English



  • India.


  • Tax evasion -- India,
  • Income tax -- Law and legislation -- India

Book details:

Edition Notes

Statementby Ramesh C. Sharma.
LC ClassificationsLAW
The Physical Object
Paginationxvi, 180 p. ;
Number of Pages180
ID Numbers
Open LibraryOL22373M
LC Control Numbersa 68011164

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Address 59/32, New Rohtak Road, New Delhi – Phone: Fax: Email: [email protected] SkypeId: taxmannindia Contact Details(Mumbai).   Penalties and Prosecutions under the Income-tax Act, Chapter XXI of the Income-tax Act containing sections to provides for levy of penalties under the Income-tax Act in respect of various defaults committed by an assessee such as, concealment of income, failure to furnish return, failure to provide required information or attend proceedings and .   Under the Income-tax Act, there are various provisions for compliance with taxing provisions and the collection of taxes. The Income-tax Act seeks to enforce tax compliance in a three fold manner; namely: 1. Imposition of interests. 2. Imposition of . Penalties and Prosecutions Default in complying with provisions of or with conditions prescribed under the Income-tax Act would attract certain penalty and in critical cases prosecutions as well. The document will provide you information about the punishable offences, prosecutions and the quantum of penalties that can be imposed under the law.

  • Separate chapter on penalties, prosecutions and tax refunds • Ready reference chart of Income tax rates for A.Y. This book is handy for all categories of income tax payers, be it businessmen, professionals or even laymen, as it presents the complicated law in a clear and easy-to-understand language/5(2). Section 3 of the Prohibition of Benami Property Transactions Act, states that “no person shall enter into any benami transaction.; 2. What is a benami transaction? According to section 2(9), “benami transaction” means – (A) a transaction or an arrangement – (a) where a property is transferred to, or is held by, a person, and the consideration for such property has been . PROSECUTIONS AND PUNISHMENT UNDER THE INCOME-TAX LAW Apart from penalty for various defaults, the Income-tax Act also contains provisions for launching prosecution proceedings against the taxpayers for various offences. In this part you can gain knowledge about the various provisions relating to prosecution which can. The Income Tax Act, is a vast subject in itself. Below, we have given a brief on the topic Prosecution and Penalties under Income Tax Act, covering the various aspects as much as possible. Prosecution and Penalties under Income Tax Act Various lapses that can lead to Prosecution and Penalties under Income Tax Act.

Notes: 1. No person is punishable for any failure under section A, AB or B if he proves that there was reasonable cause for such failure (vide section AA). 2. (a) Prosecution for offences under section A, section B, section , section A, section B, section BB, section C, section CC, section D, section , section A and section . CA Final Direct Tax Book by Vinod K Singhania for Nov, Old Syllabus and New Syllabus. With special reference to Tax Planning This Book is useful for CA Final students old and New Syllabus Appearing in Nov. Exam and onward. Direct Taxes Law and Practice With special reference to Tax Planning by Vinod K Singhania. Get all related rules, circular & notification of relevant section of the Income tax Act, section-wise details on income tax act & related circulars & notifications, case laws, forms, rules, articles, etc. 'Prosecutions' Under Income Tax Department: PROSECUTIONS. There are some lapses on the part of the assessee which are punishable through the courts. Whenever, Income Tax department feels that a particular person has committed a particular offence, a wrongful act or he is guilty of a crime, the department will initiate the proceedings before a.