Please Help: PENALTY FOR NON FILLING OF AIR
Posted Date : 01-Mar-2013 , 01:35:44 pm | Posted By neha arora
From the following which statement is correct as per new amendment.
Penalty of Rs.5000/-under section 271FA for non filing of AIR
OR
A sum of one hundred rupees for every day during which the failure continues (fails to furnish such return within the time prescribed)
And further proposed
A sum of five hundred rupees for every day during which the failure continues, beginning from the day immediately following the day on which the time specified in such notice for furnishing the return expires.
Penalty of Rs.5000/-under section 271FA for non filing of AIR
OR
A sum of one hundred rupees for every day during which the failure continues (fails to furnish such return within the time prescribed)
And further proposed
A sum of five hundred rupees for every day during which the failure continues, beginning from the day immediately following the day on which the time specified in such notice for furnishing the return expires.
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