https://www.taxtmi.com/acts?id=32947 Amendment revises section 15C by substituting the prior comparative wording with a provision that "shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees," thereby specifying a minimum, a mechanism for daily accrual, and an overall maximum cap on penalties. en-us Fri, 23 Nov 2018 12:41:08 +0530 Fri, 23 Nov 2018 12:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32947 Amendment revises section 15C by substituting the prior comparative wording with a provision that "shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees," thereby specifying a minimum, a mechanism for daily accrual, and an overall maximum cap on penalties. Act-Rules F. Acts / Amendment Acts Fri, 23 Nov 2018 12:41:08 +0530 https://www.taxtmi.com/acts?id=32947