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Direct Taxes

Home Acts & Rules Direct Taxes Acts Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 Chapter IV = PENALTIES Chapters List This

PENALTIES - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Chapter: IV
PENALTIES
Section 41 : Penalty in relation to undisclosed foreign income and asset.

        Clause 41. -relates to penalty in relation to undisclosed foreign income and asset. It seeks to provide that the Assessing O....
Section 42 : Penalty for failure to furnish return in relation to foreign income and asset.

        Clause 42. -relates to penalty for failure to furnish return in relation to foreign income and asset. It seeks to provide th....
Section 43 : Penalty for failure to furnish in return of income, an information or furnish inaccurate particulars about an asset (including financial interest in any entity) located outside India.

        Clause 43. -relates to penalty for failure to furnish in return of income, an information or furnish inaccurate particulars ....
Section 44 : Penalty for default in payment of tax arrear.

        Clause 44.- relates to penalty for default in payment of tax arrear. This clause seeks to provide that every person who is a....
Section 45 : Penalty for other defaults.

        Clause 45.- relates to penalty for other defaults. This clause seeks to, inter alia, provide that a person shall be liable t....
Section 46 : Procedure.

        Clause 46.- deals with procedure for imposition of penalties. It, inter alia, provides that the specified tax authority shal....
Section 47 : Bar of limitation for imposing penalty.

        Clause 47.- relates to bar of limitation for imposing penalty. It, inter alia, provides for the time limit for passing the p....
 

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