CA Association urges Finance Minister to Rationalise Penalty provisions under Section 270AA of Income Tax Act

The Karnataka State Chartered Accountants Association (KSCAA) in a letter to the Union Finance Minister, Nirmala Sitharaman while urging her for the Rationalisation of Penalty Provisions under Section 270AA of Income Tax Act. Since this is the first year of implementation of sections 270A and 270AA, there are instances of the timelines not being followed […]
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