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Form 16 & Form 16A

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(Querist)
13 July 2009 Can a Company be penalised if fails to issue Form 16 & Form 16A within due date. Please answer in detail.

Thanks in advance in anticipation!
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 July 2009 Penalty u/s 272A(2)(g) attracts. Penalty leviable is @ Rs 100/- per day during which the failure continues.

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