Penalty for failure to furnish fringe benefits return: assessing officer may impose daily monetary penalty for continuing default. An employer required to furnish a return of fringe benefits who fails to furnish that return within the prescribed time may be directed by the Assessing ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Penalty for failure to furnish fringe benefits return: assessing officer may impose daily monetary penalty for continuing default.
An employer required to furnish a return of fringe benefits who fails to furnish that return within the prescribed time may be directed by the Assessing Officer to pay a daily monetary penalty for each day the failure continues, creating a continuing penalty obligation for non-compliance with the return-filing requirement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.