Penalties Imposable Under Income Tax Law as amended by Finance Act, 2023 | RAM DUTT SHARMA | Commercial Law Publishers | 2023 Paperback Edition

This book provides a detailed explanation of the penalties under the Income Tax Act, including the amendments introduced by the Finance Act, 2023. Written by tax expert Ram Dutt Sharma, it simplifies complex legal provisions and offers practical insights for understanding the repercussions of non-compliance with tax laws.

Key Features:

• Comprehensive Analysis: Detailed discussion on penalties under various sections of the Income Tax Act.
• Finance Act, 2023 Updates: Incorporates the latest changes in penalty provisions, ensuring up-to-date guidance.
• Penalty Calculation: Explains the methods of penalty computation for different types of defaults.
• Practical Guidance: Offers insights into minimizing penalty exposure and managing compliance effectively.
• Relevant Case Laws: Includes significant judicial pronouncements to aid interpretation and application.
• Target Audience: Ideal for tax consultants, legal practitioners, chartered accountants, and taxpayers.

This book is an essential resource for professionals and taxpayers looking to understand the legal and financial consequences of failing to adhere to income tax regulations. It is a practical guide for ensuring compliance and mitigating risks under the Indian tax framework.