Miscellaneous_Provisions
Section 139 : Obligation to furnish information return – Miscellaneous Provisions
June 10, 2017
Miscellaneous_Provisions
Section 141 : Power to collect statistics – Miscellaneous Provisions
June 10, 2017

Section 140 : Penalty for failure to furnish information return – Miscellaneous Provisions

Miscellaneous_Provisions

140. Penalty for failure to furnish information return

If a person who is required to furnish an information return under section 139 fails to do so within the period specified in the notice issued under sub-section (3) thereof, the prescribed authority may direct that such person shall pay, by way of penalty, a sum of one hundred rupees for each day of the period during which the failure to furnish such return continues.

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