The Expenditure-tax Act

Short title, extent and commencement

Definitions

Application of the Act

Charge of expenditure-tax

Meaning of chargeable expenditure

Tax authorities

Collection and recovery of expenditure-tax

Person responsible for collecting tax to furnish prescribed return

Assessment

Best judgment assessment

Chargeable expenditure escaping assessment

Rectification of mistake

Time limit for completion of assessment and reassessment

Interest on delayed payment of expenditure-tax

Penalty for failure to collect or pay expenditure-tax

Penalty for failure to furnish prescribed return

Penalty for concealment of chargeable expenditure

Penalty for failure to comply with notice

Penalty not to be imposed in certain cases

Notice of demand

Revision of orders by the Commissioner

Appeals to the Commissioner (Appeals)

Appeals to Appellate Tribunal

Application of provisions of Income-tax Act

Wilful attempt to evade tax, etc

Failure to furnish prescribed returns

False statement in verification, etc

Abetment of false return, etc

Certain offences to be non-cognizable

Institution of proceedings and composition of offences

Power to make rules

Power to remove difficulties

Repealed

All sections

If a person fails to furnish in due time the return which
he is required to furnish under sub-section (1) of section 8 or by a notice given under sub-section (2) of
that section, he shall, without prejudice to any penalty that may be imposable on him under any other
provision of this Act, be punishable with rigorous imprisonment for a term which shall not be less than
three months but which may extend to seven years and with fine.

LAWGIST

# 26 Failure to furnish prescribed returns