https://www.taxtmi.com/acts?id=3429 An employer required to furnish a return of fringe benefits who fails to furnish that return within the prescribed time may be directed by the Assessing Officer to pay a daily monetary penalty for each day the failure continues, creating a continuing penalty obligation for non-compliance with the return-filing requirement. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 07 Aug 2025 16:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3429 An employer required to furnish a return of fringe benefits who fails to furnish that return within the prescribed time may be directed by the Assessing Officer to pay a daily monetary penalty for each day the failure continues, creating a continuing penalty obligation for non-compliance with the return-filing requirement. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3429