Скачать или смотреть Punishments provided in the Income Tax Ordinance, 2001

Here are the punishments provided in the Income Tax Ordinance, 2001, along with relevant provisions and explanations:

1. Penalty for Failure to File Return (Section 114):
Up to 5% of the tax payable, or Rs. 100,000, whichever is higher.
Imposed for failure to file a tax return within the due date.
2. Penalty for Late Filing of Return (Section 115):
Up to 0.1% of the tax payable per day, or Rs. 50,000, whichever is higher.
Imposed for filing a tax return after the due date.
3. Penalty for Understatement of Income (Section 116):
Up to 25% of the tax payable on the understated income.
Imposed for understating income or claiming false deductions.
4. Penalty for Concealment of Income (Section 117):
Up to 100% of the tax payable on the concealed income.
Imposed for concealing income or furnishing inaccurate information.
5. Prosecution for Tax Evasion (Section 192):
Imprisonment for up to 3 years, or fine, or both.
Imposed for willful evasion of tax or fraudulent activities.
6. Prosecution for False Statements (Section 193):
Imprisonment for up to 1 year, or fine, or both.
Imposed for making false statements or furnishing false information.
7. Penalty for Failure to Deduct or Deposit Tax (Section 164):
Up to 10% of the tax amount, or Rs. 100,000, whichever is higher.
Imposed for failure to deduct or deposit tax as required.
8. Penalty for Failure to Comply with Notices (Section 171):
Up to Rs. 50,000, or 1% of the tax payable, whichever is higher.
Imposed for failure to comply with notices issued by the tax authorities.

Note: These provisions and punishments are subject to change and may have been amended or modified since the last update. It's always best to consult the latest version of the Income Tax Ordinance or seek legal advice for accurate information.