Section 103 – Banking Cash Transaction Tax

/ Banking Cash Transaction Tax / By

Penalty for failure to furnish prescribed return

If an assessee fails to furnish in due time the return which it is required to furnish under sub-section (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.

Related Posts

Section 94 – Banking Cash Transaction Tax

Banking Cash Transaction Tax / By /

Warning: Attempt to read property "post_type" on int in /home4/cabkgoya/public_html/wp-content/plugins/templately/includes/Builder/ThemeBuilder.php on line 236

Definitions In this Chapter, unless the context otherwise requires,— (1)   “Appellate Tribunal” means the Appellate Tribunal constituted under section 252 of the Income-tax Act,…

Search