penalties under income tax act

Hi, Major penalties under various sections of the income tax act is list out below for various defaults- Non payment of Tax Failure to comply notice 143(2) Concealment of Income. Failure to maintain the Books of accounts Failure to deduct tax or deposit Failure to quote pan Failure to apply for

Hi, Income tax can be defined as all sources of income other than agricultural income which Central Government collects levies on that and shares the same with the states. I would request @||aru.chopra|| to share her expert opinion on this. All the Best.