https://www.taxtmi.com/acts?id=19203 A new penal clause requires persons to deliver statements under the prescribed sub sections of the withholding and collection provisions within the prescribed time; failure incurs a daily penalty. The proviso is amended to cap the aggregate penalty for non filing of those specified withholding or collection statements so that it does not exceed the amount of tax deductible or tax collectible. en-us Sat, 28 Feb 2015 20:18:34 +0530 Sat, 28 Feb 2015 20:18:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19203 A new penal clause requires persons to deliver statements under the prescribed sub sections of the withholding and collection provisions within the prescribed time; failure incurs a daily penalty. The proviso is amended to cap the aggregate penalty for non filing of those specified withholding or collection statements so that it does not exceed the amount of tax deductible or tax collectible. Act-Rules Bills Sat, 28 Feb 2015 20:18:34 +0530 https://www.taxtmi.com/acts?id=19203