Skip to content

Penalty in the case of firm [Section 271(2)] – Income Tax

Penalty in the case of firm [Section 271(2)] :

In all the above cases where the person liable to pay penalty in a registered firm or an unregistered firm which is assessed as registered under section 183(b) then, the penalty imposable on the firm shall be the same amount as would be imposable on that firm it were unregistered.

Leave a Reply