https://www.taxtmi.com/acts?id=51973 Fee is imposed for specified defaults in furnishing income-tax compliance documents, including failure to file a return of income by the due date, filing a return beyond the prescribed extended period, failure to get accounts audited and furnish the audit report, and failure to furnish the accountant's report. The levy applies without prejudice to other provisions of the Act and operates by reference to the nature of the default, the taxpayer's income level, and the period of delay, with higher fixed fees applying to audit and accountant-report defaults. en-us Thu, 14 Aug 2025 18:24:54 +0530 Mon, 06 Apr 2026 13:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51973 Fee is imposed for specified defaults in furnishing income-tax compliance documents, including failure to file a return of income by the due date, filing a return beyond the prescribed extended period, failure to get accounts audited and furnish the audit report, and failure to furnish the accountant's report. The levy applies without prejudice to other provisions of the Act and operates by reference to the nature of the default, the taxpayer's income level, and the period of delay, with higher fixed fees applying to audit and accountant-report defaults. Act-Rules Income Tax Thu, 14 Aug 2025 18:24:54 +0530 https://www.taxtmi.com/acts?id=51973