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Fee for default in furnishing return of income, audited accounts and reports
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....n 263, fails to do so within the due date, as specified under sub-section (1) of the said section, he shall be liable to pay by way of fee,-- (i) a sum of Rs. 1000, if the total income of such person does not exceed Rs. 500000; and (ii) a sum of Rs. 5000, in any other case; (b) furnishes a return of income under section 263(5) beyond nine months from the end of relevant ....
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