Finance Act, 1992
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Amendment of section 128 (penalties) of Income Tax Act, 1967. |
234.— Section 128 of the Income Tax Act, 1967 , is hereby amended in subsection (1)— | |
(a) by the deletion of “or to produce any wages sheet or records or documents,”, and | ||
(b) by the substitution of “£1,200” for “£800”, | ||
and the said subsection (1) as so amended is set out in the Table to this section. | ||
TABLE | ||
(a) If any person does not comply with any provision of regulations made under this Chapter requiring him to send any return, statement, notification or certificate or to remit tax to the collector or fails to make any deduction or repayment in accordance with any regulation made pursuant to section 127.(1) (ee), he shall be liable to a penalty of £1,200, |