Expenditure-Tax Act, 1987
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.
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