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>New Income Tax Bill Clause 429: Daily Fees for Late Document Submission Under Sections 45(4)(a) & 354(1)(e)(f).</h1> Clause 429 of the Income Tax Bill, 2025, imposes a fee for defaults related to the timely delivery of certain statements or certificates. If a research association, university, college, institution, or company fails to deliver required documents or certificates within the prescribed time under sections 45(4)(a) or 354(1)(e) and (f), a fee of two hundred rupees per day is charged for each day of delay. This fee cannot exceed the amount related to the failure and must be paid before the overdue statement or certificate is delivered.
TaxTMI 
TaxTMI 
