Failure to furnish returns of tax bases
236. (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 in due time the return of tax base which he is required to furnish under sub-section (1) of section 148 or by notice given under section 151 or section 152 or section 166.
(2) The provisions of sub-section (1) shall not apply, if -
(a) the return of tax base has been voluntarily filed by the person; or
(b) the tax payable by the person on the tax bases determined on assessment, or reassessment, as reduced by pre-paid taxes does not exceed twenty-five thousand rupees.
(3) The fine referred to in sub-section (1) shall be a sum calculated at a rate which shall not be less than one hundred rupees or more than five hundred rupees, for every day during which the default continues.
