Penalty under Equalisation Levy [ Section 171 to 173, Finance Act 2016 ]

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..... 66(3) and interest u/s 170, penalty equal to the amount of equalisation levy that he failed to deduct would be leviable Failure to pay whole or part of Equalisation levy as required u/s 166A In addition to equalisation levy u/s 166A and interest u/s 170, penalty equal to the amount of equalisation levy that he failed to pay is leviable. Failure to remit equalisation levy to the Central Gov .....

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