What is the amount of penalty levied under section 271DB? https://www.taxtmi.com/manuals?id=3626 Penalty under section 271DB of the Income Tax Act is prescribed as Rs. 5,000 rupees for every day of default, constituting a daily monetary sanction that accrues for each day a specified reporting or compliance obligation remains unfulfilled. en-us Thu, 14 Dec 2023 14:40:00 +0530 Thu, 14 Dec 2023 14:40:00 +0530 TaxTMI RSS Generator What is the amount of penalty levied under section 271DB? https://www.taxtmi.com/manuals?id=3626 Penalty under section 271DB of the Income Tax Act is prescribed as Rs. 5,000 rupees for every day of default, constituting a daily monetary sanction that accrues for each day a specified reporting or compliance obligation remains unfulfilled. Manuals Income Tax Thu, 14 Dec 2023 14:40:00 +0530 https://www.taxtmi.com/manuals?id=3626