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of <h1>Penalty for Non-Compliance with Section 271B Increased from 100,000 to 150,000 Effective April 2011</h1> Section 271B of the Income-tax Act has been amended by the Finance Act, 2010. The amendment increases the penalty amount from 'one hundred thousand rupees' to 'one hundred fifty thousand rupees.' This change is effective from April 1, 2011.
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