https://www.taxtmi.com/acts?id=43622 If a person required to furnish a statement of financial transactions or reportable accounts provides inaccurate information, fails to furnish correct information within the specified period, or fails to comply with the prescribed due diligence requirement, the prescribed income-tax authority may direct that the person pay a fixed penalty of fifty thousand rupees. en-us Tue, 23 Jul 2024 15:56:08 +0530 Tue, 23 Jul 2024 15:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43622 If a person required to furnish a statement of financial transactions or reportable accounts provides inaccurate information, fails to furnish correct information within the specified period, or fails to comply with the prescribed due diligence requirement, the prescribed income-tax authority may direct that the person pay a fixed penalty of fifty thousand rupees. Act-Rules Bills Tue, 23 Jul 2024 15:56:08 +0530 https://www.taxtmi.com/acts?id=43622