The officer proposes a penalty for under-reporting or misreporting income, usually after an assessment. Under-reporting penalties are 50% of the tax, and misreporting 200%.
The officer proposes a penalty for under-reporting or misreporting income, usually after an assessment. Under-reporting penalties are 50% of the tax, and misreporting 200%.
The date printed on your notice always wins over the usual period shown here. Law: Income-tax Act, 1961.
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Section 270A / 274 is numbered under the Income-tax Act, 1961, which governs returns up to FY 2025-26. A notice for tax year 2026-27 onwards, under the Income-tax Act, 2025, carries a new section number. Your professional maps it for you.
Penalty show-cause. The officer proposes a penalty for under-reporting or misreporting income, usually after an assessment. Under-reporting penalties are 50% of the tax, and misreporting 200%.
As given in the notice. The date printed on your notice always takes priority.
Reply to drop or reduce the penalty, and consider immunity under 270AA. A professional reply through Claw starts at ₹8,699 including GST, or ₹6,999 when you book online after verifying your mobile.
