Offences And Prosecutions Under The Income Tax Act

Offences and Prosecutions under the Income Tax Act.  This is a summarized sheet containing the Offences & Prosecutions under the Income Tax Act. 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 be launched under the Income-tax Act. Now you can scroll down below n check more details for “Offences and Prosecutions under the Income Tax Act”

Offences and Prosecutions under the Income Tax Act

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lakhs: 6 months to 7 years  (+)  fine Other cases: 3

months to  2 years (+) fine

Note: If return of income under section 139(1) is furnished before expiry of the assessment year or the tax payable by  him on the total income determined on regular assessment reduced by advance tax and  TDS does not exceed ` 3000 – No prosecution.

In other cases: 3 months to 2 years (+) fine

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