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of <h1>Non-compliance with Direct Taxes Code Bill, 2009: Up to 2 years imprisonment and fines for missing tax base returns.</h1> Failure to furnish tax base returns under the Direct Taxes Code Bill, 2009, can result in rigorous imprisonment for up to two years and a fine. This penalty applies if an individual fails to submit the required tax base return as mandated by specific sections of the law. However, exceptions exist if the return is filed voluntarily or if the tax payable does not exceed twenty-five thousand rupees after considering pre-paid taxes. The fine imposed ranges from one hundred to five hundred rupees per day for each day the default continues.
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