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    <title>Insertion of new sections 15A and 15B- Obligation to furnish information return- Penalty for failure to furnish information return</title>
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    <description>Insertion of sections 15A and 15B imposes an obligation to furnish information returns by specified persons and authorities who maintain records or periodic returns under any law, in the prescribed time, form (including electronic) and manner to the prescribed authority; defects may be intimated with thirty days for rectification, failure of which treats the return as not submitted; a notice may require submission within up to ninety days and failure to comply after such notice attracts a daily penalty imposed by the prescribed authority.</description>
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    <pubDate>Mon, 11 Aug 2014 18:35:55 +0530</pubDate>
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      <description>Insertion of sections 15A and 15B imposes an obligation to furnish information returns by specified persons and authorities who maintain records or periodic returns under any law, in the prescribed time, form (including electronic) and manner to the prescribed authority; defects may be intimated with thirty days for rectification, failure of which treats the return as not submitted; a notice may require submission within up to ninety days and failure to comply after such notice attracts a daily penalty imposed by the prescribed authority.</description>
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