Section - 16 - Penalty for failure to furnish prescribed return
Penalty for failure to furnish prescribed return.16. If a person fails to furnish in due time the return which he is required to furnish under sub-section (1) of section 8 or by notice given under sub-section (2) of that section, he shall pay, by way of penalty, a sum which shall not be less than one hundred rupees, but which may extend to two hundred rupees for every day during which the failure continues.
.... To read the full section download the app from Google Play store
CAclubindia
