# financialrecords
1 posts in `financialrecords` tag
Understanding Penalties under Sections 271A and 271 of the Income Tax Act
This blog provides a comprehensive overview of Sections 271A and 271 of the Income Tax Act, highlighting their key differences, penalties, and implications for taxpayers. It emphasizes the importance of maintaining proper financial records and complying with all tax-related legal requirements to avoid hefty penalties.
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By Krishna
