Penalty for failure to furnish information returns: daily fines with capped aggregate penalties; false statistics attract separate fines. Failure to furnish an information return after notice attracts a daily penalty of Rs. 100 for each day of continuing default up to a maximum of Rs. 5,000. Separate statutory provision permits collection of statistics by notification; failure without reasonable cause to furnish required statistics, or wilful submission of false statistics, is punishable with a fine up to ten thousand rupees and, for continuing offences, an additional daily fine of Rs. 100 after the first day subject to a maximum of Rs. 25,000.