TMI Blogpenal provisions under Incometax ActX X X X Extracts X X X X X X X X Extracts X X X X ..... penal provisions under Incometax Act X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 270A of Income tax Act, provides penalty for under reporting and misreporting of Income of Assessee. Can we distinguish the term under reported Income and Misreported Income? Then the situation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for under reported Income and mis reported Income sir? Reply By MARIAPPAN GOVINDARAJAN: The Reply: Under reporting is reporting the less income than the real income. Misreporting is false report of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... income or misdeclaration of income.
Reply By Ganeshan Kalyani:
The Reply: Section 270A : Penalty for under-reporting and misreporting of income. X X X X Extracts X X X X X X X X Extracts X X X X
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