Section 234G of Income Tax Act "Fee for default relating to statement or certificate"
234G. (1) Without prejudice to the provisions of this
Act, where,-
(a) the research association, university, college or other
institution referred to in clause (ii) or clause (iii) or
the company referred to in clause (iia) of sub-section (1)
of section 35 fails to deliver or cause to be delivered a
statement within the time prescribed under clause (i), or
furnish a certificate prescribed under clause (ii) of
sub-section (1A) of that section; or-
(b) the institution or fund fails to deliver or cause to
be delivered a statement within the time prescribed under
clause (viii) of sub-section (5) of section 80G, or furnish
a certificate prescribed under clause (ix) of the said
sub-section,
it shall be liable to pay, by way of fee, a sum of two
hundred rupees for every day during which the failure
continues.
(2) The amount of fee referred to in sub-section (1) shall,-
(a) not exceed the amount in respect of which the failure
referred to therein has occurred;
(b) be paid before delivering or causing to be delivered the
statement or before furnishing the certificate referred to
in sub-section (1).]