(1) Where any person has, without reasonable cause ailed to file a return of income required by or under sections 166, 172, 191, 193 or 212, the Deputy 30mmissioner of Taxes may impose upon such person a penalty amounting to 10% (ten percent) of ax imposed on last assessed income subject to a minimum of 1 (one) thousand taka, and in the case of a continuing default a further penalty of 50 (fifty) for every day during which the default continues:

Provided that such penalty shall not exceed namely: —

(a)   in case of an assessee, being an individual whose income was not assessed previously five thousand takas;

(b)   in case of an assessee, being an individual, whose income was assessed previously, 50% (fifty percent) of the tax payable on the last assessed income or 1 (one) thousand whichever is higher.

(2) Where any person, without reasonable cause,

(a)   fails to file or furnish any return, information under section 177, the Deputy Commissioner of Taxes shall fine 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 the earlier; further, may impose a fine of that amount and if the failure continues, may impose an additional fine at the rate of taka 1 (one) thousand taka for every month or fraction thereof during which the failure continues;

(b)   fails to issue any certificate under section 145, the Deputy Commissioner of Taxes may impose on such person a fine which may extend to taka 5 (five) thousand and, if the failure continues, he can impose additional fine at the rate of 1 (one) thousand taka for every month or fraction thereof;

(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, for every period during which the failure continues. An additional fine of taka 500 (five hundred) taka per day can be imposed,