Penalties in the even of Defaults under the Income Tax Act. 1961.
The Income-tax Act, 1961 prescribes various types of Penalties in the even of Defaults under the Act. which Refers to Moneytary Punishment for Violation of Law.
How to Find Out or Calculate Capital Gain in various Special Cases with Exemption of Capital Gains under Sections 54, 54B, 54D, 54EC, 54EE, 54F, 54G, 54GB anf 54H.