What is the amount of penalty levied under section 271GB(2)?

Ans.

​​​a. Rs. 5,000 for every day during which the failure continues. The penalty shall be levied from the day immediately following the day on which the period allowed for it expires; and

b. If the failure continues after service of an order to pay penalty, Rs. 50,000 for every day beginning from the date of service of such order.​