Penalty for late return imposes a daily monetary sanction until the filing default is remedied. Where an assessee does not file a return within the time-limits prescribed under the referenced subsections of section 102, the statute subjects the ... Summary
Penalty for late return imposes a daily monetary sanction until the filing default is remedied.
Where an assessee does not file a return within the time-limits prescribed under the referenced subsections of section 102, the statute subjects the assessee to a daily monetary penalty for each day the non-filing continues.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 1
Join Channel
TaxTMI 
