Information-return compliance failures attract escalating penalties for non-furnishing, delayed filings, and deficient record maintenance under information-technology regulation. Section 44 of the Information Technology Act, 2000 imposes penalties for failures to furnish required documents, returns or reports, file returns or ... Summary
The Jan Vishwas (Amendment Of Provisions) Act, 2023
Information-return compliance failures attract escalating penalties for non-furnishing, delayed filings, and deficient record maintenance under information-technology regulation.
Section 44 of the Information Technology Act, 2000 imposes penalties for failures to furnish required documents, returns or reports, file returns or provide information within prescribed time limits, and maintain books of account or records. Non-furnishing may attract a penalty up to fifteen lakh rupees for each failure, while delayed filings and record-keeping failures may attract daily penalties up to fifty thousand rupees and one lakh rupees respectively during the continuing default.
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