https://www.taxtmi.com/acts?id=39094 Amendment revises liabilities under section 89: failure to declare attracts an initial penalty and a continuing daily penalty subject to a maximum cap; company and officers in default incur daily penalties for failure to file returns with separate maximum caps; and the Central Government may, by notification, exempt classes of persons from compliance with the section (except subsection (10)), either unconditionally or subject to conditions, in the public interest. en-us Wed, 30 Sep 2020 12:42:50 +0530 Wed, 30 Sep 2020 12:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39094 Amendment revises liabilities under section 89: failure to declare attracts an initial penalty and a continuing daily penalty subject to a maximum cap; company and officers in default incur daily penalties for failure to file returns with separate maximum caps; and the Central Government may, by notification, exempt classes of persons from compliance with the section (except subsection (10)), either unconditionally or subject to conditions, in the public interest. Act-Rules F. Acts / Amendment Acts Wed, 30 Sep 2020 12:42:50 +0530 https://www.taxtmi.com/acts?id=39094