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Section 86(10) Any person furnishes a false, misleading or deceptive  DVAT Return under the Act or omits to file return: Penalty u/s 86(10)

 

Section 86(13) A person fails to prepared required records and accounts or fails to prepare it in proper manner or fails to retain record for prescribed period: Penalty u/s 86(13)
 

 


Penalty Under Section 86(13) of Delhi Value Added Tax Act


Default
Where a person
(i) fails to prepare the required records and accounts; or

(ii) fails to prepare records and accounts in prescribed manner; or

(ii) fails to retain the records and accounts for the prescribed period


Amount of Penalty
Rs. 50,000/- or 20% of the tax deficiency, if any whichever is greater.

Maximum Amount of Penalty Rs. 50,000/- or 20% of the tax deficiency, if any whichever is greater.
 

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