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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Insertion of new section 270A - Penalty for underreporting and ...

Bill

March 2, 2016

Insertion of new section 270A - Penalty for underreporting and misreporting of income. - the cases of under-reported income falling under misreporting of income shall be liable for penalty at the rate of two hundred per cent. of the tax payable on such misreported income.

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