Clause 237 - Failure to furnish other returns, statements, reports, etc. - Direct Taxes Code Bill, 2009

Failure to furnish other returns, statements, reports, etc. 237. (1)A person shall be punishable with rigorous imprisonment for a term which may extend to two years and with fine, if he fails to furnish- (a) in due time any return, statement or report which he is required to furnish under this Code; or (b) after receipt of a notice to do so, any return, statement or report which he is required to furnish under his Code. (2) The provisions of sub-section (1) shall not apply if the return, statement or report has been voluntarily furnished by the person. (3) The fine referred to in sub-section (1) shall be a sum calculated at a rate which shall not be less than fifty rupees or more than two hundred and fifty rupees, for every day during which the default continues.