TMI BlogInsertion of new section 270A - Penalty for underreporting and misreporting of income. - failure to...Insertion of new section 270A - Penalty for underreporting and misreporting of income. - failure to record any receipt in books of account having a bearing on total income will form misreporting of income and would attract 200% penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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