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of <h1>Non-compliance with Section 218 of Direct Taxes Code Bill, 2009, leads to imprisonment and hefty fines.</h1> Failure to comply with sub-sections (1) and (3) of section 218 of the Direct Taxes Code Bill, 2009, results in legal consequences. An individual may face rigorous imprisonment for up to two years and a fine if they fail to provide required information, neglect to set aside the specified amount, or improperly dispose of company assets or properties. The fine imposed ranges from a minimum of fifty thousand rupees to a maximum of five lakh rupees.
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