Section - 271FB, Penalty for failure to furnish return of fringe benefits (IT A…
Section - 271FB, Penalty for failure to furnish return of fringe benefits (IT Act, 1961)
Section - 271FB, Penalty for failure to furnish return of fringe benefits (IT Act, 1961)
Penalty for failure to furnish return of fringe benefits.
If an employer, who is required to furnish a return of fringe benefits, as required under sub-section (1) of section 115WD, fails to furnish such return within the time prescribed under that sub-section, the Assessing Officer may direct that such employer shall pay, by way of penalty, a sum of one hundred rupees for every day during which the failure continues.
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