Penalty for Failure by any Person to Enter into Agreement with Clients
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....der to enter into an agreement with his client, fails to enter into such agreement, he shall be liable to ^2[a penalty ^3[which shall not be less than one lakh rupees but which may extend to one lakh rupees for each day during which such failure continues subject to a maximum of one crore rupees]]. **************** NOTES:- 1. Inserted vide Section 9 of....
TaxTMI