Section – 271BA : Penalty for failure to furnish report under section 92E
March 7, 2018
Section – 271C : Penalty for failure to deduct tax at source
March 7, 2018

Section – 271BB : Failure to subscribe to the eligible issue of capital

271BB. Whoever fails to subscribe any amount of subscription to the units issued under any scheme referred to in sub-section (1) of section 88A to the eligible issue of capital under that sub-section within the period of six months specified therein, may be directed by the Joint Commissioner to pay, by way of penalty, a sum equal to twenty per cent of such amount.

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