If an assessee fails to furnish in due time the return which it is required to furnish under subsection (1) of section 98 or by notice given under sub-section (2) of that section, it shall be liable to pay, by way of penalty, a sum of one hundred rupees for every day during which the failure continues.
Finance Act 2005 Section 103 - Bare Act |
| State | Central Government |
| Year | 2005 |
| Section Title | Penalty for Failure to Furnish Prescribed Return |
Act Info: