Section 3A: Penalty and interest for late payment of tax
consolidated text (as at 2013). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3A. Penalty and interest for late payment of tax
(1) Any lessee who fails to pay the tax within the period specified in section 3 shall be liable to pay to the Director-General, in addition to the tax—
(a) a penalty of 5 per cent of the tax; and
(b) interest at the rate of one per cent per month or part of the
month on any amount of tax unpaid up to the date of payment.
(2) Any lessee who fails to pay the tax shall commit an offence and
shall, on conviction, be liable to a fine not exceeding 50,000 rupees and to
imprisonment for a term not exceeding 12 months.
[S. 3A inserted by s. 23 (c) of Act 26 of 2013 w.e.f. 1 July 2014.]
4. —
[S. 4 repealed by s. 23 (d) of Act 26 of 2013 w.e.f. 1 July 2014.]