Penalty for failure to furnish return of fringe benefits. 271FB.
If an employer, who is required to furnish a return of fringe benefits, as required under sub-section (1) of section 115WD
, fails to furnish such return within the time prescribed
under that sub-section, the Assessing Officer
may direct that such employer shall pay, by way of penalty, a sum of one hundred rupees for every day during which the failure continues.