https://www.taxtmi.com/acts?id=32946 The amendment to section 15B substitutes the penalty wording to provide that the penalty shall not be less than one lakh rupees, may extend to one lakh rupees for each day during which such failure continues, and is subject to a maximum aggregate cap of one crore rupees, replacing the prior comparative phrasing and thereby setting a defined minimum, daily accrual rate and overall ceiling for statutory failures. en-us Fri, 23 Nov 2018 12:40:55 +0530 Fri, 23 Nov 2018 12:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32946 The amendment to section 15B substitutes the penalty wording to provide that the penalty shall not be less than one lakh rupees, may extend to one lakh rupees for each day during which such failure continues, and is subject to a maximum aggregate cap of one crore rupees, replacing the prior comparative phrasing and thereby setting a defined minimum, daily accrual rate and overall ceiling for statutory failures. Act-Rules F. Acts / Amendment Acts Fri, 23 Nov 2018 12:40:55 +0530 https://www.taxtmi.com/acts?id=32946