Income tax penalties explained: Under-reporting, not furnishing ITR, and more -Defaults and penalties under different sections

If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 111th part of this series, Riju Mehta lists some of the penalties you may be liable to pay.

from Tax-Wealth-Economic Times https://ift.tt/MwZaDmx