Penalty for failure to provide prescribed electronic payment facility may attract daily fines under income tax rules. The Assessing Officer may impose a penalty of Rs.5000 for every day of the duration of failure where a person fails to provide a facility for accepting ... Summary
Penalty for failure to provide prescribed electronic payment facility may attract daily fines under income tax rules.
The Assessing Officer may impose a penalty of Rs.5000 for every day of the duration of failure where a person fails to provide a facility for accepting payments through the prescribed electronic modes referred to in section 187.
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