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Home > Income Tax > Help Center > Penalties Last Updated: Dec 09th 2023
Income tax evasion often results in penalties. The 1961 Income Tax Act provides minimum and maximum penalties. Penalty is different from tax and interest. Learn about them and when they took effect?
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.