1If 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.
----------------------
1. Ins. by Act 18 of 2005, s. 59 (w.e.f. 1-4-2006).
Section 271C Penalty for failure to deduct tax at source
Section 271CA Penalty for failure to collect tax at source
Section 271D Penalty for failure to comply with the provisions of section 269SS
Section 271DA Penalty for failure to comply with provisions of section 269ST
Section 271E Penalty for failure to comply with the provisions of section 269T
Section 271F Penalty for failure to furnish return of income
Section 271FA Penalty for failure to furnish statement of financial transaction or reportable income
Section 271FB Penalty for failure to furnish return of fringe benefits