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Income Tax - Highlights / Catch Notes

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Penalty u/s 271AAA - immunity from penalty if tax and interest ...


Tax Penalty Immunity u/s 271AAA: Pay Tax and Interest on Undisclosed Income Before Section 143(3) Assessment.

March 27, 2019

Case Laws     Income Tax     AT

Penalty u/s 271AAA - immunity from penalty if tax and interest has been paid on undisclosed income surrendered - No time limit for payment - no penalty if tax paid before the assessment u/s 143(3) - penalty leviable on unpaid amount

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