Section 1

[15B. Penalty for failure to furnish information return . — If a person who is required to furnish an information return under Section 15 -A fails to do so within the period specified in the notice issued under sub -section (3) thereof, the prescribed authority may direct that such person shall pay, by way of penalty, a sum of one hundred rupees for each day of the period during which the failure to furnish such return continues.]

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1 [15B. Penalty for failure to furnish information return . — If a person who is required to furnish an information return under Section 15 -A fails to do so within the period specified in the notice issued under sub -section (3) thereof, the prescribed authority may direct that such person shall pay, by way of penalty, a sum of one hundred rupees for each day of the period during which the failure to furnish such return continues.]