Penalty for benefits to related persons: enhanced penalties for trusts applying income to related parties on repeat violations.

Fixed late-filing fees and daily penalties apply where returns are not furnished within prescribed times, including special obligations for certain entities. For trusts and institutions, the assessing officer may direct repayment of amounts applied for related persons and impose substantially higher penalties for repeat violations. Failure to furnish mandated donation statements or certificates by specified institutions attracts a prescribed minimum and maximum penalty, and these measures operate alongside other available penalties.

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