TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2015 Amends Section 272A: New Penalty for Late Statement Delivery, Limited to Tax Amount.</h1> Clause 74 of the Finance Bill, 2015 amends section 272A of the Income-tax Act, effective June 1, 2015. It introduces clause (m) in sub-section (2), imposing a penalty of one hundred rupees per day for failing to deliver statements within the prescribed time under sub-section (2A) of section 200 or sub-section (3A) of section 206C. Additionally, the amendment revises the first proviso to limit the penalty for failing to file statements under these sections to not exceed the amount of tax deductible or collectible.
TaxTMI 
TaxTMI 
