Consequences of Tax Evasion and Penalties Under the Income-tax Act 1961 INCOME TAX / TaxConcept / January 4, 2024 / Consequences of Tax Evasion, Failure to Get Accounts Audited, Failure to Maintain Records of Accounts, INCOME TAX, INCOME TAX DEPARTMENT, Income Tax Return, Penalty for Default in Tax Payment, Tax evasion penalty