Amendment status not verified — confirm the current text below against the official source.
(1) If any person who is under an obligation to furnish a return or information under this Act refuses or wilfully fails to furnish the return or information within the time specified for the purpose, he shall be punishable with fine which may extend to two hundred rupees. (2) If any person who, after having been convicted under sub-section (1), continues to refuse or to wilfully fail to furnish the return or information, he shall be punishable with fine which may extend to fifty rupees for each day after the previous date of conviction during which he continued so to offend. Penalty for failure to furnish statement under section 95A *[ 126A. (1) If any person bound to file a statement under section 95A does not file the statement within the time specified in that section, he shall be punishable with imprisonment for a term which may extend to one year, or with fine which may extend to two thousand rupees, or with both. (2) If any person, who after having been convicted under sub-section (1), continues to fail to file the statement referred to in that sub-section, he shall be punishable with fine which may extend to two hundred rupees for each day after the previous date of conviction during which he continued so to offend.] Penalty for furnishing false returns or information