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Penalty & prosecution

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Transcript

  • 1. Penalty & ProsecutionShankar BoseInspector of Income-taxMSTU, Puri
  • 2. Offence ProvisionDefault in making payment of tax Section 201 (1) read with Sec. 221Failure to pay advance tax Section 273 (1)Failure to comply with notices u/s 142(1) or143(2)Section 271 (1)(b)Concealment of particulars of income orfurnishing inaccurate particulars of income.Section 271 (1)(c)Failure to maintain books of accounts anddocuments required u/s 44AASection 271AFailure to get accounts audited Section 271BFailure to deduct tax at source. Section 271CAccepting loan / deposit or repayment of depositof Rs. 20,000/- or more other than by way of a/cpayee cheque or draftSection 271DRepayment of loan / contravention of section269TSection 271E
  • 3. Offence ProvisionFailure to file Return u/s 139(1) Section 271FRefusal to sign any statement made during ITProceedingsSection 272 A (1) (b)Non compliance of summons u/s 131 (1) Section 272A(1)Failure to comply with provisions of section 139A Section 272 A (1) (d)Failure to furnish information in due time soughtu/s 133Section 272 A (2) (c)Failure to furnish TDS Certificate Section 272 A (2) (g)
  • 4. Prosecution
  • 5. Offence 277 ProvisionContravention of Order made u/s 132 (3) Section 275AFailure to afford the AO the facility to inspect books etc. asrequired u/s 132 (1)(iib)Section 275BFailure to pay to central govt. tax deducted Section 276 BWilful attempt to evade payment of tax, penalty or interest Section 276 (C)(2)Wilful failure to produce accounts and documents u/s 142 (1) /142 (2A)Section 276 DFalse statements in verification Section 277Falsification of books, documents to induce / abet evasion oftaxSection 277AAbetment of false return Section 2782nd and subsequent offences Section 278A
  • 6. Thanks