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Penalty for failure to furnish return of total

income: Sec182(1)

1.Annual return of income

2.Return of income if required

3.Return of income for additional assessment

4.Return of income in case of discontinued business5.Return of income in case of person about leave

The commissioner of income tax shall impose upon suchperson a penalty. The amount of penalty will be equal to

one tenth of one percent of the tax payable for each day of

default subject to a minimum of five hundred rupees and

maximum of twenty five percent of tax payable.

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Thank you!Thank you!