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CHAPTER XIX - OFFENCES AND PENALTIES
Section 122 - Penalty for certain ...
Section 123 - Penalty for failure ...
Section 124 - Fine for failure to ... Section 125 - General penalty... Section 126 - General disciplines ... Section 127 - Power to impose pena... Section 128 - Power to waive penal... Section 129 - Detention, seizure a... Section 130 - Confiscation of good... Section 131 - Confiscation or pena... Section 132 - Punishment for certa... Section 133 - Liability of officer... Section 134 - Cognizance of offenc... Section 135 - Presumption of culpa... Section 136 - Relevancy of stateme... Section 137 - Offences by companie... Section 138 - Compounding of offen...Section 123 - Penalty for failure to furnish information return
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123. Penalty for failure to furnish information return.[1]
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If a person who is required to furnish an information return under section 150 fails to do so within the period specified in the notice issued under sub-section (3) thereof, the proper officer may direct that such person shall be liable to pay a penalty of one hundred rupees for each day of the period during which the failure to furnish such return continues: Provided that the penalty imposed under this section shall not exceed five thousand rupees. |
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