Section 44 of ITA, 2000 : Section 44: Penalty For Failure To Furnish Information, Return, Etc
ITA, 2000
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Explanation using Example
Let's consider an example of an online service provider, XYZ Pvt. Ltd., which is regulated under the Information Technology Act, 2000.
- Suppose XYZ Pvt. Ltd. is required to submit an annual security audit report to the Controller but fails to do so. In this case, according to Section 44, XYZ Pvt. Ltd. would be liable to pay a penalty not exceeding *one la...
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