https://www.taxtmi.com/acts?id=55929 Where a person does not file a prescribed return or furnish required information, books or other documents within the time specified by regulations, liability may extend to a daily penalty not exceeding five thousand rupees for as long as the failure continues. Failure to maintain mandated books of account or records attracts a separate daily penalty not exceeding ten thousand rupees during the continuing default. en-us Thu, 24 Sep 2026 13:31:48 +0530 Thu, 24 Sep 2026 16:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55929 Where a person does not file a prescribed return or furnish required information, books or other documents within the time specified by regulations, liability may extend to a daily penalty not exceeding five thousand rupees for as long as the failure continues. Failure to maintain mandated books of account or records attracts a separate daily penalty not exceeding ten thousand rupees during the continuing default. Act-Rules Indian Laws Thu, 24 Sep 2026 13:31:48 +0530 https://www.taxtmi.com/acts?id=55929