Amendment status not verified — confirm the current text below against the official source.
( I ) When a person liable for the payment of the consolidated rate on lands and buildings or surcharge on the consolidated rate defaults to pay the sum due within the prescribed period, a sum not exceeding twenty-five per cent of the amount of the consolidated rate or the surcharge, as may he determined by the Corporation by regulations, may he recovered from him by way of penalty, in addition to the amount of the consolidated rate or the surcharge payable by him. (2) The amount due as penalty under sub-section (1) shall be recoverable as an airear of tax under this Act. D. Tax on professions, trades and callings