Section 275A to 280D of Income Tax Act 1961.

What does Section 275A of the Income Tax Act penalize?

• Failure to pay self-assessment tax

• Removal or tampering with assets seized under search

• Failure to file return under Section 139(1)

• Misreporting exempt income

Under Section 275B, what is the consequence of failing to afford facility to inspect books or documents during a search?

• Rs. 10,000 fine only

• Punishable with imprisonment up to 2 years and fine

• No penalty at all

• Simple warning

Which of the following actions is punishable under Section 276C?

• Unintentional non-filing of return

• Voluntary disclosure of income

• Willful attempt to evade tax

• Non-maintenance of books

Section 276CC deals with prosecution for failure to:

• Maintain books of account

• Submit audit report

• Deduct TDS

• Claim TDS refund

What is the punishment under Section 277 for making a false statement in verification?

• Fine only up to Rs. 5,000

• Imprisonment up to 3 years and fine

• Imprisonment up to 7 years and fine

• Penalty under Section 271

Under Section 278, abetment of false return filing is:

• Not an offence

• Compoundable offence only

• Imprisonment for abetment

• Penalty only, no imprisonment

Section 278A provides for enhanced punishment in case of:

• First-time offenders

• Repeat offenders

• Taxpayers filing for the first time

• Delay in notice issuance

Section 278B makes certain persons liable for offences committed by:

• Government employees

• Shareholders of the company

• Directors, managers, or other officers of company

• Company’s legal counsel

Section 278E relates to which legal concept?

• Presumption of innocence

• Presumption of culpable mental state

• Doctrine of natural justice

• Mens rea exclusion

What does Section 280D deal with?

• Mandatory maintenance of records

• Establishment of Special Courts

• Voluntary retirement schemes

• Filing of revised return