(1) Where any person fails, without reasonable cause, to file a return under section 166, 172, 191, 193 or 212, the Deputy Commissioner of Taxes may impose fine at the rate of 10% (ten percent), on the last assessed income of such person, which shall be minimum of taka 1 (one) thousand and if the failure continues, may impose an additional penalty at the rate of taka 50 (fifty) for every day during the failure continues:

Provided that the amount of such penalty shall not exceed the following sums, namely:-

(a) taka 5 (five) thousand in the case of an individual taxpayer, who has never been assessed before;

(b) 50% (fifty percent) of the tax payable on the last assessed income or taka 1 (one) thousand, whichever is higher, in the case of an individual taxpayer, whose tax has already been assessed.

(2) Where any person, without reasonable cause,-

(a) Fails to submit or furnish any return or information under section 177, the Deputy Commissioner of Taxes may impose fine on such person at the rate of 10% (ten percent) of the tax levied on his last assessed income or taka (5) five thousand whichever is higher if the failure continues, may impose an additional fine at the rate of taka 1 (one) thousand per month or fraction thereof during the failure continues.

(b) Fails to provide any certificate under section 145, the Deputy Commissioner of Taxes may impose on such person fine which may extend to taka 5 (five) thousand and, if the failure continues, may impose additional fine at the rate of taka 1 (one) thousand for every month or any part thereof during which the failure continues.

(c) Fails to file or furnish any information as required under section 200, in which case the Income-tax authority requiring the information under section 200, may impose a fine of taka 50 (fifty) thousand on such person and if the failure continues may impose additional fine of taka 500 (five hundred) for everyday during the period the failure continues.