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Fee for default in furnishing statements.

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Full Text of the Document

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....escribed therein, he shall be liable to pay by way of fee, a sum of Rs. 200 for every day for which such failure continues. (2) The amount of fee referred to in sub-section (1) shall- (a) not exceed the amount of tax deductible or collectible; and (b) be paid before delivering or causing to be delivered the statement, as per sub-section (1). (3) Without prejudice to the pro....