https://www.taxtmi.com/acts?id=11004 Every person is liable to a penalty where, without reasonable cause, they fail to perform specified tax compliance obligations including maintaining books, obtaining audits, furnishing transfer pricing reports, deducting, collecting or paying tax, filing returns and certificates, answering questions, signing statements, producing documents, and complying with notices. Penalties are monetary or proportional: record-keeping, audit and transfer pricing defaults attract a fixed monetary range; defaults in deduction, collection or payment attract a proportional penalty up to the tax amount; certain returns attract a specified fixed penalty; other defaults attract monetary penalties within a prescribed range. en-us Thu, 20 Aug 2009 13:55:17 +0530 Thu, 20 Aug 2009 13:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11004 Every person is liable to a penalty where, without reasonable cause, they fail to perform specified tax compliance obligations including maintaining books, obtaining audits, furnishing transfer pricing reports, deducting, collecting or paying tax, filing returns and certificates, answering questions, signing statements, producing documents, and complying with notices. Penalties are monetary or proportional: record-keeping, audit and transfer pricing defaults attract a fixed monetary range; defaults in deduction, collection or payment attract a proportional penalty up to the tax amount; certain returns attract a specified fixed penalty; other defaults attract monetary penalties within a prescribed range. Act-Rules Bills Thu, 20 Aug 2009 13:55:17 +0530 https://www.taxtmi.com/acts?id=11004