https://www.taxtmi.com/acts?id=11889 A statutory penalty regime imposes liability where a person, without reasonable cause, fails to comply with specified tax obligations including maintaining books, obtaining audits, deducting or collecting tax, paying tax or sums, responding to notices, producing records, and furnishing returns or certificates; the law prescribes graded monetary sanctions-ranging from specified minimums and maximums for recordkeeping and audit defaults, percentage-based penalties for deduction or collection failures, fixed amounts for certain return failures, and transaction-linked or other capped penalties for remaining defaults. en-us Fri, 17 Sep 2010 11:45:06 +0530 Fri, 17 Sep 2010 11:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11889 A statutory penalty regime imposes liability where a person, without reasonable cause, fails to comply with specified tax obligations including maintaining books, obtaining audits, deducting or collecting tax, paying tax or sums, responding to notices, producing records, and furnishing returns or certificates; the law prescribes graded monetary sanctions-ranging from specified minimums and maximums for recordkeeping and audit defaults, percentage-based penalties for deduction or collection failures, fixed amounts for certain return failures, and transaction-linked or other capped penalties for remaining defaults. Act-Rules Bills Fri, 17 Sep 2010 11:45:06 +0530 https://www.taxtmi.com/acts?id=11889