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

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..... 005 . If 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 .....

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