Compliance fees for late income-tax statements, returns, audit reports and accountant reports are restructured with graded default liabilities. Substitutes sections 427 and 428 of the Income-tax Act to impose fees for default in furnishing prescribed statements, returns, audited accounts and reports. Failure to deliver a statement within time attracts a daily fee until compliance, subject to a ceiling, and the fee must be paid before the statement is furnished. Default in filing a return of income, completing audit obligations, or furnishing an accountant's report attracts graded fees linked to the nature of the default and the period of delay.