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>Penalty of 5,000 per day for not accepting electronic payments under Income Tax Bill 2025, Section 187.</h1> The Assessing Officer is authorized to impose a penalty of five thousand rupees per day on any person who fails to provide facilities for accepting payments through prescribed electronic modes, as mandated by section 187 of the Income Tax Bill, 2025. This penalty applies for each day the failure continues, unless the person can demonstrate good and sufficient reasons for the non-compliance.
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