Section 7
Imposition Of Fine
7. Imposition of fine:
If any person fails to pay the amount of tax within the time- limit referred to in Section 4, the Tax Officer shall impose a fine as follows:
(a) A fine by up to Five percent of the amount of tax for up to the first Thirty days from the expiration of time-limit for payment of the same.
(b) A fine by up to Ten percent of the amount of tax for up to Forty Five days thereafter,
(c) A fine by up to Twenty percent of the amount of tax for up to the end of the
fiscal year thereafter
If any person fails to pay the amount of tax within the time- limit referred to in Section 4, the Tax Officer shall impose a fine as follows:
(a) A fine by up to Five percent of the amount of tax for up to the first Thirty days from the expiration of time-limit for payment of the same.
(b) A fine by up to Ten percent of the amount of tax for up to Forty Five days thereafter,
(c) A fine by up to Twenty percent of the amount of tax for up to the end of the
fiscal year thereafter