https://www.taxtmi.com/acts?id=21418 Reporting entities required to file reports under section 286 face daily penalties for failure to furnish reports or to produce requested information and documents within the prescribed period; enhanced daily penalties may be imposed if non-compliance continues after an order to pay; a fixed penalty applies where inaccurate information is furnished and the entity knew of the inaccuracy, fails to correct after discovery within the correction period, or furnishes inaccurate material in response to a production notice. en-us Mon, 16 May 2016 20:47:45 +0530 Thu, 07 Aug 2025 16:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21418 Reporting entities required to file reports under section 286 face daily penalties for failure to furnish reports or to produce requested information and documents within the prescribed period; enhanced daily penalties may be imposed if non-compliance continues after an order to pay; a fixed penalty applies where inaccurate information is furnished and the entity knew of the inaccuracy, fails to correct after discovery within the correction period, or furnishes inaccurate material in response to a production notice. Act-Rules Income Tax Mon, 16 May 2016 20:47:45 +0530 https://www.taxtmi.com/acts?id=21418