Offences and Prosecutions under the Income Tax Act
Must read – lakhs: 6 months to 7 years (+) fine Other cases: 3 months to 2 years (+) fine Note: If return of income under section 139(1) is furnished before expiry of the assessment year or the tax payable by him on the total income determined on regular assessment reduced by advance tax and TDS does not exceed ` 3000 – No prosecution. In other cases: 3 months to 2 years (+) fine In other cases: 3 months to 2 years (+) fine
Income Tax – Sources, Basics & Important ConceptsTDS on Non residents – Section 195E-File Income Tax Return Online 2016-17Taxation of NRIs – Complete Details
