Law and Procedure an e-book | ||
Home |
||
Income Tax - Frequently Asked Questions (FAQs) |
||
FAQs on Penalty provision under IT Act |
||
|
||
When penalty under Section 271GB(2) may be imposed? |
||
Ans. Penalty under Section 271GB(2) may be imposed if a reporting entity fails to produce the information or documents, as required by the Director-General of Income-tax, within the period allowed for it. |
||