https://www.taxtmi.com/acts?id=37065 Section 271DB establishes a daily monetary penalty for persons who fail to provide the prescribed electronic payment facility required under the statutory payment-mode compliance regime. The penalty applies for each day the failure continues but is not imposable if the person proves good and sufficient reasons for the failure. The Joint Commissioner of Income-tax is authorised to impose any penalty under this section. The provision took effect from 1 November 2019. en-us Wed, 24 Jul 2019 16:42:13 +0530 Wed, 24 Jul 2019 16:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37065 Section 271DB establishes a daily monetary penalty for persons who fail to provide the prescribed electronic payment facility required under the statutory payment-mode compliance regime. The penalty applies for each day the failure continues but is not imposable if the person proves good and sufficient reasons for the failure. The Joint Commissioner of Income-tax is authorised to impose any penalty under this section. The provision took effect from 1 November 2019. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 16:42:13 +0530 https://www.taxtmi.com/acts?id=37065