Laws / Income Tax Law / 107HH

107HH - Penalty for failure to comply with the provision of section 107EE

107HH. Penalty for failure to comply with the provision of section 107EE.- Where any person fails to comply with the provision of section 107EE of this Ordinance, the Deputy Commissioner of Taxes may impose upon such person a penalty not exceeding 2% (two percent) of the value of each international transaction e...

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