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section 271 d

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There is any time limit for impose penalty u/s 271 (D) r.w.s 275.


Elavarasi B

Elavarasi B

CA Inter

46K+

01-Feb-23 20:42

494

Answers (5)

No time limit


There is no time limit for initiating a penalty under section 271D, but there is a time limit for imposing the penalty once it has been initiated.


Sowmiya A

Sowmiya A

CA Inter

19K+

01-Feb-23 22:13

Thread Starter

Elavarasi B

what is the time limit for imposing the penalty

There is no time limit u/s 271D. If it is initiated there is a time limit for imposing penalty u/s 275.


Karthick A

Karthick A

CA Final

1K+

02-Feb-23 08:16

within the end of financial year in which proceedings, during the course of which action for imposing penalty were initiated, gets completed or within the end of six months from the end of the month in which penalty proceedings were initiated, whichever is later


Sowmiya A

Sowmiya A

CA Inter

19K+

02-Feb-23 08:37

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