Penalty for failure to furnish Statement of Financial Transaction or Reportable Account - Section 271FA

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..... a person who is required to furnish a statement of financial transaction or reportable account under Section 285BA(1) , fails to furnish such statement within the time prescribed under Section 285BA(2) t hereof, the income-tax authority prescribed under said Section 285BA(1) may direct that such person shall pay,by way of penalty Upto 31.03.2018 a sum of ₹ 100/- for every day during which su .....

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..... al year in which the transaction is registered or recorded. ​​​​ The statement of financial transaction in respect of the transactions listed at serial number (12) and serial number (13) in the Table under rule 114E(2), shall be furnished on or before the 31st day of January, 2017. The Information relating to capital gain on transfer of Listing securities or units of Mutual .....

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