https://www.taxtmi.com/acts?id=51972 A fee is payable for failure to furnish prescribed statements within time. For default in delivering a statement under section 397(3)(b), the person is liable to pay Rs. 200 for every day during which the failure continues, subject to a ceiling equal to the amount of tax deductible or collectible, and the fee must be paid before the statement is delivered. A similar daily fee applies for failure to furnish a statement of financial transaction or reportable account under section 508(1), subject to a maximum of Rs. 100000. en-us Thu, 14 Aug 2025 18:24:46 +0530 Mon, 06 Apr 2026 13:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51972 A fee is payable for failure to furnish prescribed statements within time. For default in delivering a statement under section 397(3)(b), the person is liable to pay Rs. 200 for every day during which the failure continues, subject to a ceiling equal to the amount of tax deductible or collectible, and the fee must be paid before the statement is delivered. A similar daily fee applies for failure to furnish a statement of financial transaction or reportable account under section 508(1), subject to a maximum of Rs. 100000. Act-Rules Income Tax Thu, 14 Aug 2025 18:24:46 +0530 https://www.taxtmi.com/acts?id=51972