Penalty for failure to file return

As per Section 124 of Income Tax Ordinance 1984 Penalty for failure to file return, etc.-

1. (1) Where any person has, without reasonable cause, failed to file a return of income required by or under sections 75, 77, 89(2),91(3) [, 93(1) and or withholding tax required under section
2. 75A]Subs. F.A. 2011 the Deputy Commissioner of Taxes may impose upon such person a penalty amounting to ten per cent of tax imposed on last assessed income subject to a minimum of taka one thousand, and in the case of a continuing default a further penalty of taka fifty for every day during which the default continues[:] Subs F. A. 2015
3. [Provided that such penalty shall not exceed-(a) in case of an assessee, being an individual, whose income was not assessed previously five thousand taka;
4. (b) in case of an assessee, being an individual, whose income was assessed previously, fifty per cent (50%) of the tax payable on the last assessed income or taka one thousand, whichever is higher.]Added F. A. 2015
5. (2) Where any person has, without reasonable cause, failed to file or furnish or, as the case may be, obtain and display within the time laid down therefor,-(a) any certificate, statement, accounts or information required by or under sections 58, 108, 109, or 110 ; or []Deleted F.A. 2007
6. (b) the tax-payer’s identification number (TIN) certificate under section 184C; the Deputy Commissioner of Taxes shall impose upon such person a penalty of taka five hundred and in the case of a continuing default a further penalty of taka two hundred and fifty for every month or fraction thereof during which the default continues:
7. Provided that where any person has, without any reasonable cause, failed to furnish information as required under section 113, the [Director General]Subs F. A. 2013, Central Intelligence Cell or the Deputy Commissioner of Taxes may impose a penalty of taka twenty five thousand and in case of a continuing default a further penalty of taka five hundred for each day.