151.          153. A Ltd, a banking company, failed to furnish its information return failing which notice was issued to the company to furnish such return. Determine penalty if any:

(i)               Return furnished within 90 days

(ii)               Return furnish after 90 days

(i)               (i)    Penalty = nil

(ii)             (ii) Penalty = Rs 100 per day to a maximum of Rs 5000.