Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Late Tax Filings Under Clause 237 May Lead to Two Years' Imprisonment and Daily Fines Until Compliance</h1> Under Clause 237 of the Direct Taxes Code Bill, 2009, an individual who fails to submit required returns, statements, or reports on time, or after receiving a notice, may face rigorous imprisonment for up to two years and a fine. This penalty does not apply if the documents are submitted voluntarily. The fine ranges from fifty to two hundred and fifty rupees for each day the default persists.
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