Amendment status not verified — confirm the current text below against the official source.
Without prejudice to the provisions of this Act, where, a person required to furnish a return of income under section 263 fails to do so within such time as may be prescribed in section 263(1), he shall pay, by way of a fee,-- (a) a sum not exceeding Rs. 1000, if the total income of such person does not exceed Rs. 500000; (b) a sum of Rs.5000, in any other case.