https://www.taxtmi.com/acts?id=49419 The substituted Section 271F establishes a two-tier penalty scheme for failure to furnish a return of income: a specified penalty where a person required to file under the primary filing obligation fails to furnish the return before the end of the relevant assessment year, and a lower specified penalty where a person required to file by the proviso to that obligation fails to furnish the return on or before the due date; liability is triggered by the filing requirement, timing of non-filing, and the relevant assessment year. en-us Thu, 20 Feb 2025 17:57:11 +0530 Thu, 20 Feb 2025 17:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49419 The substituted Section 271F establishes a two-tier penalty scheme for failure to furnish a return of income: a specified penalty where a person required to file under the primary filing obligation fails to furnish the return before the end of the relevant assessment year, and a lower specified penalty where a person required to file by the proviso to that obligation fails to furnish the return on or before the due date; liability is triggered by the filing requirement, timing of non-filing, and the relevant assessment year. Act-Rules F. Acts / Amendment Acts Thu, 20 Feb 2025 17:57:11 +0530 https://www.taxtmi.com/acts?id=49419