https://www.taxtmi.com/acts?id=23782 A new provision imposes a graded fee on persons who fail to furnish a return of income within the prescribed time: a lower fee if filed by the last day of December of the assessment year and a higher fee otherwise, subject to a proviso capping the fee where the person's total income does not exceed a specified threshold. The provision applies to returns for assessment years commencing on or after the amendment's operative date and operates without prejudice to other provisions. en-us Thu, 23 Mar 2017 15:50:33 +0530 Fri, 24 Mar 2017 13:14:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23782 A new provision imposes a graded fee on persons who fail to furnish a return of income within the prescribed time: a lower fee if filed by the last day of December of the assessment year and a higher fee otherwise, subject to a proviso capping the fee where the person's total income does not exceed a specified threshold. The provision applies to returns for assessment years commencing on or after the amendment's operative date and operates without prejudice to other provisions. Act-Rules F. Acts / Amendment Acts Thu, 23 Mar 2017 15:50:33 +0530 https://www.taxtmi.com/acts?id=23782