Workshop on Penalties under the Income Tax Act, 1961

This session delves into the three key deterrents under tax law—interest, penalty, and prosecution—aimed at promoting tax compliance. With the introduction of Section 270A and changes to sections like 271AAB and 271AAC, the penalty framework has undergone a major transformation. This workshop provides insights into the revamped provisions, practical handling of penalty proceedings, and the professional approach required in the evolving tax landscape.