Penalties Imposable Under Income Tax Law is a Practice book on Income Tax on Conferenza, priced at ₹676 (20% off MRP ₹845). Published by Commercial Law Publishers. Order online with fast delivery across India.
- Price
- ₹676 · 20% off
- Course
- Practice
- Subject
- Income Tax
Penalties Imposable Under Income Tax Law
Commercial Law Publishers
Book Specifications
- Course
- Practice
- Publisher
- Commercial Law Publishers
About this book
Penalties Imposable under Income Tax Law by Ram Dutt Sharma is a section-wise treatment of the penalties prescribed under the Income Tax Act, 1961 for non-compliance, concealment, misreporting and other defaults. This 4th edition is updated for the year 2023 and covers both the levy of penalty and the grounds for resisting it.
At a glance
| Edition | 4th edition |
| Author | Ram Dutt Sharma |
| Updated for | 2023 |
| Publisher | Commercial Law Publishers |
What's inside
- Overview and classification of the penalty provisions under the Income Tax Act
- Section-wise analysis of penalties for concealment, under-reporting and misreporting of income
- Penalties for failure to file returns, furnish information, comply with notices or maintain prescribed records
- Penalties for TDS and TCS defaults and other procedural violations
- Circumstances in which penalties may be waived or reduced, and the procedure for initiation and levy
- Rights of the assessee and principles of natural justice in penalty proceedings, with case laws, CBDT circulars and examples
Who should buy this
- Chartered accountants and advocates contesting penalty orders
- Corporates and taxpayers who want to understand exposure before a default occurs
- Students studying penalty provisions under direct tax law
Publisher's description
This 4th edition of Penalties Imposable under Income Tax Law, authored by Ram Dutt Sharma, provides a detailed and practical guide to the various penalties prescribed under the Income Tax Act, 1961, for non-compliance, concealment, misreporting, and other defaults. Updated for the year 2023, it offers a section-wise analysis of penalty provisions, procedural requirements, and judicial interpretations, making it a valuable resource for professionals, corporates, and taxpayers.
The book explains the nature, scope, and purpose of penalties in the direct tax regime, along with the rights of taxpayers and the discretion vested in the tax authorities. Supported by case laws, CBDT circulars, and practical examples, it equips readers with the knowledge required to ensure compliance and defend against unjustified penalty impositions.
The content covers:
• Overview and classification of penalty provisions under the Income Tax Act
• Section-wise analysis of penalties for concealment, under-reporting, and misreporting of income
• Penalties for failure to file returns, furnish information, comply with notices, or maintain prescribed records
• Penalties relating to TDS/TCS defaults and other procedural violations
• Circumstances where penalties may be waived or reduced
• Procedural requirements for initiation and levy of penalties
• Rights of the assessee and principles of natural justice in penalty proceedings
• Judicial pronouncements interpreting penalty provisions
• CBDT circulars, notifications, and relevant guidelines
• Practical compliance tips to avoid penalties
This edition is particularly suitable for:
• Chartered accountants, tax consultants, and advocates handling penalty proceedings
• Corporate tax and compliance teams ensuring adherence to statutory requirements
• Law and commerce students studying Indian taxation and enforcement mechanisms
• Taxpayers seeking clarity on their liabilities and rights in penalty cases
Whether used for compliance, litigation defence, or academic reference, this updated edition serves as an authoritative and practical guide to understanding and managing penalty provisions under the Income Tax Act, 1961.
Frequently asked questions
What is Penalties Imposable Under Income Tax Law?+
Penalties Imposable under Income Tax Law by Ram Dutt Sharma is a section-wise treatment of the penalties prescribed under the Income Tax Act, 1961 for non-compliance, concealment, misreporting and other defaults. This 4th edition is updated for the year 2023 and covers both the l
How much does Penalties Imposable Under Income Tax Law cost?+
Penalties Imposable Under Income Tax Law is available for ₹676 (MRP ₹845) on Conferenza, with fast delivery.
Which exam is Penalties Imposable Under Income Tax Law for?+
Practice — Income Tax.
Is Penalties Imposable Under Income Tax Law good for self-study of Income Tax?+
Penalties Imposable Under Income Tax Law is a Income Tax book for Practice, suitable for self-study and revision. Pair it with practice and past papers for complete exam preparation.
Which is the best book for Income Tax?+
There's no single "best" book for Income Tax — the right choice depends on the syllabus coverage you need, the author's approach, the edition and your budget. Penalties Imposable Under Income Tax Law is one Practice option; compare it with other Income Tax books on Conferenza by edition, coverage and price to pick what suits your preparation.
Is Penalties Imposable Under Income Tax Law available as a free PDF download?+
Penalties Imposable Under Income Tax Law is a paid book on Conferenza, delivered fast across India. For free PDFs — study material, RTPs, MTPs and suggested answers — visit https://conferenza.in/downloads.