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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Penalty u/s 271D - Penalty can be levied on the amounts of loan ...

Income Tax

May 9, 2016

Penalty u/s 271D - Penalty can be levied on the amounts of loan which exceeds the amount of ₹ 20,000/-. Therefore, the A.O. is directed to exclude ₹ 20,000/- as permissible u/s 269SS, while levying penalty u/s 271D - AT

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