Income-tax Act, 1961
Section - 271FB - Penalty for failure to furnish return of fringe benefits
Penalty for failure to furnish return of fringe benefits.271FB. If an employer, who is required to furnish a return of fringe benefits, as required under sub-section (1) of section 115WD, fails to furnish such return within the time prescribed under that sub-section, the Assessing Officer may direct that such employer shall pay, by way of penalty, a sum of one hundred rupees for every day during which the failure continues.
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