Tax terrorism: Embedded in laws & practice

In March last year, Ashok Singh (name changed), a former employee of a multinational company, was slapped with a prosecution notice under Section 276CC of the Income-Tax Act for failing to file his income-tax return for 2011-12 (assessment year 2012-13) in time. The possible punishment? If the tax amount is more than Rs 1 lakh, rigorous imprisonment for at least six months and a maximum of seven years, and a fine. Ashok had quit his job to start a consulting company in 2012. In 2011-12 he got his salary for the period of employment (tax was deducted at source and paid by his employer) and for .....

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